Deduction allowable

whether Standard Deduction is allowed for Income Tax new regime.?
Replies (3)
Quick Summary
The discussion clarifies the availability of the Standard Deduction under the new income tax regime. While not applicable for Assessment Year 2023-24, it has been proposed and is available from April 1, 2023 (Financial Year 2023-24), with a slight change noted for AY 2024-25.

Not for AY 2023-24...

But from AY 2024-25... (i.e. FY 2023-24), it has been proposed..

A slight change in AY 24-25.
Yes. Standard deduction is available from 01.04.2023

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details