Income Tax 2024 Standard Deduction

Income Tax 2024 Standard Deduction. A handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds. (august 20, 2024) โ€” each year, the kentucky department of revenue calculates the individual standard deduction in accordance with krs 141.081.after.


Income Tax 2024 Standard Deduction

Standard deduction limit hiked in the new tax regime to make the new tax regime more attractive, budget 2024 raised the basic exemption limit to rs 75,000. Standard deduction limit for family pensioners hiked to rs 25,000 from rs 15,000.

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