2024 Standard Tax Deduction Chart Single. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. For a single taxpayer, the rates are:
The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual. The government changed the income tax laws under the new tax regime in the july 2024 budget, increasing its attractiveness compared to the old tax regime.this was.