Neel Neel (30 Points)
26 July 2025Dear Experts
Is it correct that for FY 24-25 (AY 25-26) deduction under section 57(iia) under new regime for family pension is either 25000 or 1/3 of the total annual pension which ever is less.
Thank you in advance.
Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196196 Points)
Replied 26 July 2025
Yes.
Under the new tax regime, for Financial Year 2025-26, a family pensioner can claim a standard deduction of ₹25,000 from their family pension income. This deduction was increased from the previous limit of ₹15,000, as announced in Budget 2024-25
Neel Neel
(30 Points)
Replied 26 July 2025
Sir that means this is not applicable for FY 24-25 and only for FY 25-26 ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196196 Points)
Replied 26 July 2025
Yes, that is true. From FY 2025-26 onwards....
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