Standard Deduction In Income Tax Ay 2024-25. — the standard deduction for salaried employees is a flat ₹50,000 from total income under the head salary. (1) the enhanced surcharge of 25% & 37%, as the case may be, is not levied, on dividend income or income chargeable to tax under sections 111a, 112, 112a.
Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior citizens. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman
Standard Deduction In Income Tax Ay 2024-25 Images References :
