Standard Deduction For 2024 India 2024. Consultancy firm kpmg anticipates changes in the upcoming union budget, including doubling standard deduction to rs 1 lakh, increasing tax breaks on housing loan interest, and rationalizing capital gains tax regime. Union budget 2024 expectations live updates:


Standard Deduction For 2024 India 2024

Similarly, deduction on family pension for pensioners is proposed to be enhanced from rs 15,000 to rs 25,000. From hiking the standard deduction limit to tweaking the income tax slabs, the taxpayers want budget 2024 to introduce measures that will ease their financial burden.

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