Standard Deduction Under new tax regime

Someone please tell me whether there is a standard Deduction of Rs. 50000.00 is applicable in the new tax regime for FY 2023-24
Replies (12)
Quick Summary
This discussion clarifies that the standard deduction of Rs 50,000 is indeed applicable to salaried employees under the new tax regime (Section 115BAC) for FY 2023-24. Participants confirm its availability and discuss the relevant tax section.

Yes...
For salaried employees the Standard Deduction Rs 50k is available inn New Tax Regime...
First you hv to apply in specific format Sec 115BAC APPLICABLE.
@ Sabyasachi Mukherjee,

What is Your reply Mr Sabyasachi Mukherjee Sir....
Read the sec and get back to me . It's not the heading of the statement.
Sabyasachi Mukherjee,

What is You read the query...??

Which based I back to You...???

Very Good You didn't post heading of the query...
Do not be foolish it's a relevant section
Yes. deduction applicable
Standard deduction under new tax regime
QUERIST ALREADY POSTED WITH HEADING MY DEAR GREAT MR SABYASACHI MUKHERJEE SAAAAREY...
@ sabyasachi mukherjee , you are foolish why you said other foolish
Sec 115BAc is a section which was inserted by the act, read the section. Then speak
But who ask you to insert in each and every query

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