What Is Standard Tax Deduction For 2024 In India. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by ₹ 25,000 in. To align with businessmen and professionals, there is an expectation.

 — section 194f relating to payments on account of repurchase of units by mutual fund or unit trust of india proposed to be omitted.  — standard deduction is a flat deduction salaried individuals can claim against taxable salary income without requiring any proof of actual expense incurred.