2024 Standard Tax Deduction Chart By Age. Income tax slabs under old tax regime budget 2024 has not proposed any changes in the income tax slabs and rates under the old tax regime. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โน 25,000 in.
The standard deduction rose in 2024. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;