Kelli Melissa

2024 Standard Deduction For Married Couples Under 80c.  — under section 80c of the income tax act, salaried individuals and hindu undivided families (hufs) are entitled to income tax benefits of up to rs 1.5 lakh by. An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as senior citizen for income tax purposes.

An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as senior citizen for income tax purposes.  — the finance minister, in the budget 2024 speech, announced that the tax deduction limit under section 80c will remain unchanged.