2024 Tax Tables And Standard Deductions Available. Tds payable on insurance commission reduced from 5% to 2%, starting 1st october, 2024. The following deductions under new tax regime are still available for tax payers:
For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. Standard deduction limit in new tax regime raised to rs 75,000 union budget 2024:
2024 Tax Tables And Standard Deductions Available Images References :