Standard Tax Deduction 2024 India Over 65. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act. 2024 standard deduction over 65.
Understanding income tax slabs for senior and super senior citizens. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse).