2024 Standard Tax Deduction Chart 2024

Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. The federal income tax has seven tax rates in 2024:


2024 Standard Tax Deduction Chart 2024

Here is a look at the deductions offered under the new tax regime as of 2024. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving.

2024 Standard Tax Deduction Chart 2024 Images References :