Jan 5, 2026 · What is Standard Deduction? The standard deduction is a fixed amount that taxpayers can subtract from their gross income to reduce their taxable income. It is available to salaried individuals …

Jan 1, 2026 · One of the most significant reliefs in 2025 was the Budget 2025, which increased the tax free income limit to Rs 12 lakh. Thanks to standard deduction, salaried taxpayers earning up to …

Under the Taxation Laws (Amendment) Bill, 2025, the Government has clarified that taxable income under the "Salaries" head will include a standard deduction of ₹50,000 under the old tax regime and …

Aug 13, 2025 · Under the newly adjusted tax regime, the standard deduction permits taxable income to stand at Rs 12 lakh after deduction, with tax payable amounting to Rs 60,000. Taxpayers can then …

Aug 14, 2025 · This again puts it into perspective that standard deduction under the old tax regime remains to be Rs 50,000 and Rs 75,000 under the new tax regime. The correction is more than a …

Aug 15, 2025 · The provided text clarifies the deductions available under different default tax regimes for the Assessment Year (AY) 2025-26.

Aug 15, 2025 · The Government has formally clarified that salaried employees opting for the new income tax regime will be entitled to a standard deduction of Rs 75,000 from April 1, 2026, under the …

3 days ago · Complete Guide on Slabs, Rebate, Standard Deduction, Surcharge & Cess The Government has continued with the New Tax Regime as the default regime and rationalised income …

Feb 18, 2025 · Maximum Limit Increase: The key change is the increase in the maximum deduction limit from ₹15,000 to ₹25,000 for those who opt for the new tax regime from AY 2025-26.

Apr 28, 2025 · In this complete guide, we break down everything you need to know about the standard deduction for AY 2025-26, its benefits, eligibility, latest changes, and expert tips to maximise your tax …