Standard Deduction For 2024 Indian Income. Directly in the itr to be filed on or before the due date specified under section 139 (1). The finance minister nirmala sitharaman is set to present the union budget 2024 on july 23.

The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.