Standard Tax Deduction 2024 Single Senior. Additionally, taxpayers need not submit any. This is due to tax rebate of up to rs 25,000 available under section 87a d) standard deduction of.
For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:. C) zero tax payable for taxable incomes not exceeding rs 7 lakh.