2024 Standard Tax Deduction Chart India . The basic exemption limit was hiked to rs 3 lakh from rs 2.5 lakh in the new tax regime slabs. The indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing. The indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating.
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