Standard Deduction 2024. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.

How much is the standard deduction for 2024? The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman