Standard Deduction to New Tax Regime

PRABHAT KUMAR (137 Points)

02 February 2023  
"FM proposed to extend the benefit of the standard deduction to the new tax regime. Each salaried person with an income of ₹15.5 lakh or more will thus stand to benefit by ₹52,500"

is standard deduction is available for only those person whose gross salary is more than 15.5 Lakh?

If not, if my gross salary is Rs. 7.5 Lakhs then will my tax liability Zero as per New Tax Regime?

Expert please clarify, everyone is confused