Senior Standard Deduction For 2024 Tax Year. Before the bill, louisiana's standard deduction was $4,500 for single filers and $9,000 for joint filers. Taxpayers under the new regime can now claim ₹75,000 as a standard deduction, compared to ₹50,000 in the old.

For senior citizens (above 60 years but below 80 years) and super senior citizens (80 years of age and above), the basic tax exemption limit is rs 3 lakh and rs 5 lakh,. Learn about the options available to taxpayers and make informed.