Income Tax Standard Deduction For Ay 2024-25

Income Tax Standard Deduction For Ay 2024-25. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. Refer examples and tax slabs for easy calculation.

Yes, standard deduction of rs.50,000 or the amount of salary, whichever is lower, is available for both. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.