Standard Deduction Limit 2024 India. Experts argue that increasing the standard deduction limit from rs 50,000 to rs 1 lakh would effectively alleviate the tax burden on salaried taxpayers. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000.

Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000. Atul puri, sw india says, in a case where tds is required to be.