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

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