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Standard deduction limit increased? Here's what Budget 2024 says

Published: February 1, 2024

Standard deduction limit in Budget 2024: The standard deduction limit was last hiked in interim budget 2019. Since then maximum deduction amount has been kept unchanged. Last year, finance minister Nirmala Sitharaman brought the benefit of standard deduction under new tax regime.

Source: indiatimes.com

Related Topics:

Nirmala SitharamanInterim BudgetFinance Minister Nirmala SitharamanIncome Tax ActNew Tax RegimeStandard DeductionStandard Deduction AmountStandard Deduction Of Rs 50000