What Is The Mileage Deduction For 2024. Standard deduction for salaried class increased from 50,000 to 75,000 in a bid to give a boost to salaried taxpayers, finance minister nirmala. A standard deduction of ₹ 75000 per year for salaried individuals was announced in budget 2024 for new income taxpayers sangeeta ojha updated 23 jul.

The irs has announced its 2024 standard mileage rates. “first, the standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000.