What Is Standard Tax Deduction For 2024 Income Tax. Calculate exempt portion of hra, by using this hra calculator. Tenants can deduct 30% as a standard deduction, paying tax on the remaining 70%.

Learn what the standard deduction is, how it reduces your taxable income, and how it varies by filing status, age, and other factors. Find out which itr form to use and which forms to submit for tax deduction and refund for salaried individuals in india.