What Is The Standard Deduction For 2024-25

What Is The Standard Deduction For 2024-25. Budget 2024 has made changes in the. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). These are standard deduction from salary income and deduction on employer’s contribution to the employee’s nps account.