Standard Deduction For 2024 Married Jointly In India. Section 63(c)(2) of the code provides the standard deduction for use in filing individual income tax returns. This has been increased to rs.

Finance minister nirmala sitharaman announced an increase in the standard deduction for salaried individuals from ₹50,000 to ₹75,000 in budget 2024, offering further relief to. A married couple filing their 2023 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of.