Deduction allowable

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accounts officer
92 Points Posted on 07 February 2023
whether Standard Deduction is allowed for Income Tax new regime.?
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On 07 February 2023 at 22:44 Report
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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.

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SEO Sai Gr. Hosp.
212444 Points Posted on 07 February 2023

Not for AY 2023-24...

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

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On 07 February 2023 at 23:17
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Profession Business
28246 Points Posted on 08 February 2023
A slight change in AY 24-25.
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On 08 February 2023 at 06:23
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CFO- at NHTF
58280 Points Posted on 08 February 2023
Yes. Standard deduction is available from 01.04.2023
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On 08 February 2023 at 07:39

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