Standard Deduction 2024 Married In India. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. Standard deduction increase expected in budget 2024;
The standard deduction of rs 40,000 per year for salaried individuals was reintroduced in budget 2018, replacing two earlier deductions—travel allowance (rs. Calls to raise standard deduction and housing loan interest cap.