STANDARD DEDUCTION FOR THE A.Y. 2025-26
This query is : Resolved
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LIMPA CHAKRABORTY
(Querist)
09 January 2025
Kindly let me know whether the standard deduction under the old tax regime is Rs.50000/= and under the new tax regime is Rs. 75000/= for the assessment year 2025-26. Excuse me for the trouble caused. Regards
LIMPA CHAKRABORTY
(Querist)
09 January 2025
I will be grateful for receiving your kind reply.Regards
Dhirajlal Rambhia
(Expert)
09 January 2025
Correct, standard deduction from salary for FY 2024-25 is Rs. 50,000/- under Old regime, while Rs. 75,000/- under New tax regime.
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