Standard Tax Deduction 2024 For Seniors Over 70

Standard Tax Deduction 2024 For Seniors Over 70. 2024 standard deduction over 65. Section 194p is applicable from 1st april 2021.


Standard Tax Deduction 2024 For Seniors Over 70

If you are 65 or older or blind, you can claim an additional standard deduction. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act.

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