Standard Deduction For 2024 Indian Government. Tenants can deduct 30% as a standard deduction, paying tax on the remaining 70%. โ rent payments to an nri landlord require tax deduction at source in india.
Experts argue that increasing the standard deduction limit from rs 50,000 to rs 1 lakh would effectively alleviate the tax burden on salaried. โ income tax slabs 2024 highlights: