Clare Desirae

2024 Standard Deduction Head Of Household In India.  — the government should double standard deduction under the new concessional tax regime to rs 1 lakh or increase the basic exemption limit to rs 3.5.  — some of the key budget expectations include a hike in the standard deduction limit, an increase in the basic exemption limit in the new income tax regime,.

The standard deduction of rs 50,000 is a flat deduction available under both the old and new tax regimes, to individuals earning salary and. This change will encourage more.