How Much Is The Standard Deduction For 2024 In India. In a move aimed at boosting tax savings, the finance minister announced that the standard deduction limit.  — will budget 2024 increase standard deduction:

Calculate exempt portion of hra, by using this hra calculator.  — standard deduction, which is at rs 50,000, was included in the new income tax regime by fm nirmala sitharaman in last year’s budget.