2024 Standard Deduction Married Jointly In India. Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.

2024 standard deduction over 65. Budget 2024 income tax expectations: