Standard Deduction For 2024 India Over 65. If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. > under the old tax regime, senior citizens whose annual income is up to rs 3.

Both the interest earned on saving deposits and fixed deposits are eligible for deduction under this provision. Key changes include raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and increasing family pension deductions.