Standard Deduction Limit 2024 India. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000. Current limit is rs 50,000, revised in 2019.
Budget 2024 may increase standard deduction. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.