Standard Deduction 2024 Head Of Household In India. From hiking the standard deduction limit to tweaking the income tax slabs, the taxpayers want budget 2024 to introduce measures that will ease their financial burden. Additionally, taxpayers need not submit any disclosures or investment proofs to avail of this deduction.
With the implementation of the new tax regime, there arises a crucial need to comprehend the nuances of deductions allowable within this framework. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.
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