Standard Deduction In Income Tax Ay 2024-25. The standard deduction, which reduces the taxable income, has been increased from rs. Additionally, the income threshold for the 5%.

The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.