Standard Tax Deduction 2024 India For Seniors. All senior citizens are eligible for this deduction, regardless. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.
All senior citizens are eligible for this deduction, regardless. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving.
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2024 Standard Tax Deduction For Seniors In India Elana Harmony, Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.
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