STANDARD DEDUCTION FOR THE A.Y. 2025-26

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LIMPA CHAKRABORTY (Querist)
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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

LIMPA CHAKRABORTY (Querist)
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09 January 2025 I will be grateful for receiving your kind reply.Regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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STANDARD DEDUCTION FOR THE A.Y. 2025-26

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