Standard Tax Deduction 2024 For Seniors In India. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. For salaried employees opting for new tax regimes,.

The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act. Age, total income, claimed deductions, exemption limits, and tax regime (old vs.