2024 Standard Deduction For Married Couples In India

2024 Standard Deduction For Married Couples In India. That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece. As opposed to rs.50,000 before.

2024 and 2025 standard deductions. The standard deduction for salaried individuals reduces your taxable income by a fixed amount, thereby lowering the total income on which you are taxed.