Standard Deduction For 2024 Indian Government. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The standard deduction under the new tax regime has been increased from rs 50,000 to rs 75,000, providing more relief to taxpayers.
Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by ₹ 25,000 in the. Fm sitharaman proposes to “hugely” simplify capital.