2024 Standard Deduction Mfj Under 80c . However, salaried individuals can still claim two deductions: Section 80c of the income tax act is the most popular income tax deduction for tax saving.
Section 80c allows taxpayers to claim deductions on certain investments and expenses, reducing their taxable income. Under section 80c of the income tax, an individual can avail for deductions up to rs 1,50,000 per annum on the total annual income.
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2024 Standard Deduction Mfj Amelie Kristine , Deduction under section 80c of the income tax act 1961, allows taxpayers to reduce their taxable income by making specific investments or incurring certain expenses.