Standard Deduction 2024 Head Of Household In India. Standard deduction of rs 40,000 per year for salaried individuals was reintroduced in budget 2018, replacing two earlier deductions—travel allowance (rs 19,200) and. 2024 standard deduction head of household in india.

Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.