Standard Deduction Tax Brackets 2024 . From april 1, 2024, the new tax regime allows standard deduction of rs 75,000 from salary and pension income and section 80ccd (2) deduction up to 14% on basic salary for employer's. The standard deduction for 2024 is:
The irs noted that for the head of. Standard deduction the standard deduction reduces a taxpayerโs taxable income by a set amount determined by the government.
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