Standard Deduction In Income Tax Ay 2024-25. The standard deduction for salaried employees is a flat ₹50,000 from total income under the head salary. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.

Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. Yes, standard deduction of rs.50,000 or the amount of salary, whichever is lower, is available for both.