Standard Deduction For 2024 Married Jointly Under 80c

Standard Deduction For 2024 Married Jointly Under 80c. Section 80c of the income tax act is the most popular income tax deduction for tax saving. Under section 80c of the income tax act, 1961, a total of rs 1.5 lakh a year can be claimed as a deduction from your taxable income.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. How to claim section 80c deductions.