Standard Deduction For 2024. Discover the ministry of finance's latest tax changes: Salaried individuals and pensioners can claim a standard deduction of rs.


Standard Deduction For 2024

In the retirement fund, any contribution up to ~150,000 is allowed as a deduction under section 80ccc of the income tax act. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.

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