STANDARD DEDUCTIONS OF 50000 APPLICABLE FOR NEW TAX REGIME FOR SENIOR CITIZEN

trnghosh (sr asst) (207 Points)

09 July 2023  

Like to know whether standard deduction of Rs 50000 is applicable in new tax regime for a senior citizen for the FY 2022-2023 AYT 2023-2024. I am in confusion while filing my ITR return. 

Kindly update me.