2024 Standard Deduction For Married Couples In India. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200,. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.

Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the. The standard deduction for salaried employees, enrolled under the next tax regime, too, has been increased to ₹75,000 from the current ₹50,000.