{"id":192,"date":"2025-04-11T16:27:27","date_gmt":"2025-04-11T10:57:27","guid":{"rendered":"https:\/\/www.caclubindia.com\/guide\/?p=192"},"modified":"2025-06-26T15:55:20","modified_gmt":"2025-06-26T10:25:20","slug":"standard-deduction","status":"publish","type":"post","link":"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/","title":{"rendered":"Standard Deduction on Salary: Latest Updates for FY 2024-25"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-1024x538.png\" alt=\"\" class=\"wp-image-1865\" srcset=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-1024x538.png 1024w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-300x158.png 300w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-768x403.png 768w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Union Finance Minister Smt Nirmala Sitharaman on July 23rd, 2024 under new tax regime, hiked the standard deduction to <strong>Rs. 75,000 from the current Rs. 50,000<\/strong>.<\/p>\n\n\n\n<p>Salaried employees will now stand to <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/salaried-employees-to-save-upto-rs-17500\/\">save Rs. 17500 in income tax<\/a><\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Applicability\" >Applicability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Tax_Slabs_for_New_Regime_for_FY_2024-25\" >Tax Slabs for New Regime for FY 2024-25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#How_to_Claim_the_Standard_Deduction\" >How to Claim the Standard Deduction?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#No_Documents_Required\" >No Documents Required<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Impact_of_Standard_Deduction_under_various_Salary_Levels\" >Impact of Standard Deduction under various Salary Levels<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Annual_Income_Rs_775_lakh\" >Annual Income: Rs 7.75 lakh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Annual_Income_Rs_10_lakh\" >Annual Income: Rs 10 lakh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Annual_Income_Rs_12_lakh\" >Annual Income: Rs 12 lakh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Annual_Income_Rs_20_lakh\" >Annual Income: Rs 20 lakh<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Who_can_Claim_a_Standard_Deduction\" >Who can Claim a Standard Deduction?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#Reflection_in_ITR_Forms\" >Reflection in ITR Forms<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#ITR-1_Sahaj\" >ITR-1 (Sahaj)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#ITR-2\" >ITR-2<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicability\"><\/span>Applicability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Standard Deductions is a fixed deduction allowed under the Act to reduce the tax burden under the hands of the Taxpayers.<\/p>\n\n\n\n<p>The standard deduction is subtracted from an individual\u2019s gross salary or pension income, for lowering the taxable income under the head \u201c<strong>Income from Salaries<\/strong>.\u201d<\/p>\n\n\n\n<p>The standard deduction is independent of other deductions and exemptions, but its applicability depends on the tax regime chosen:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-Limits-1024x538.png\" alt=\"\" class=\"wp-image-1869\" srcset=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-Limits-1024x538.png 1024w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-Limits-300x158.png 300w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-Limits-768x403.png 768w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/06\/Standard-Deduction-Limits.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Slabs_for_New_Regime_for_FY_2024-25\"><\/span>Tax Slabs for New Regime for FY 2024-25<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Slab (in Rs. )<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Rate of Tax (in %)<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">0-7,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">NIL<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">3,00,000-7,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">5%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">7,00,000-10,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">10,00,000-12,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">12,00,000-15,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">20%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Above 15,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">30%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Claim_the_Standard_Deduction\"><\/span>How to Claim the Standard Deduction?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Taxpayers do not need to submit any proof for the expenses to claim this deduction. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Documents_Required\"><\/span>No Documents Required<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The deduction gets automatically applied based on the salary reported in the Income Tax Return without requiring any proof of expenses, making it distinct from other deductions that need documentation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_Standard_Deduction_under_various_Salary_Levels\"><\/span>Impact of Standard Deduction under various Salary Levels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annual_Income_Rs_775_lakh\"><\/span>Annual Income: Rs 7.75 lakh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Standard Deduction<\/td><td>Rs 75,000<\/td><\/tr><tr><td>Taxable Income<\/td><td>Rs 7 lakh<\/td><\/tr><tr><td>Tax Calculation<\/td><td>Tax on income up to Rs 3 lakh: <strong>Nil<\/strong> <br>Tax on income Rs 3-7 lakh: <strong>5% or Rs 20,000<\/strong> Rebate under Section 87A: <strong>Rs 25,000<\/strong><\/td><\/tr><tr><td>Total Tax<\/td><td>Nil<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annual_Income_Rs_10_lakh\"><\/span>Annual Income: Rs 10 lakh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Standard Deduction<\/td><td>Rs 75,000<\/td><\/tr><tr><td>Taxable Income<\/td><td>Rs 9.25 lakh<\/td><\/tr><tr><td>Tax Calculation<\/td><td>Tax on Rs 3 lakh: <strong>Nil<\/strong><br>Tax on income Rs 3-7 lakh: <strong>5% or Rs 20,000 <\/strong><br>Tax on Rs 7-9.25 lakh: <strong>10% or Rs 22,500<\/strong><\/td><\/tr><tr><td>Total Tax<\/td><td>Rs 42,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annual_Income_Rs_12_lakh\"><\/span>Annual Income: Rs 12 lakh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Standard Deduction<\/td><td>Rs 75,000<\/td><\/tr><tr><td>Taxable Income<\/td><td>Rs 11.25 lakh<\/td><\/tr><tr><td>Tax Calculation<\/td><td>Tax on Rs 3 lakh: <strong>Nil<\/strong><br>Tax on income Rs 3-7 lakh: <strong>5% or Rs 20,000 <\/strong><br>Tax on Rs 7-10 lakh: <strong>10% or Rs 30,000<\/strong><br>Tax on Rs 10-11.25 lakh: <strong>15% or Rs 18,750<\/strong><\/td><\/tr><tr><td>Total Tax<\/td><td>Rs 68,750<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annual_Income_Rs_20_lakh\"><\/span>Annual Income: Rs 20 lakh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Standard Deduction<\/td><td>Rs 75,000<\/td><\/tr><tr><td>Taxable Income<\/td><td>Rs 19.25 lakh<\/td><\/tr><tr><td>Tax Calculation<\/td><td>Tax on Rs 3 lakh: <strong>Nil<\/strong><br>Tax on income Rs 3-7 lakh: <strong>5% or Rs 20,000<\/strong><br>Tax on Rs 7-10 lakh: <strong>10% or Rs 30,000<\/strong><br>Tax on Rs 10-12 lakh: <strong>15% or Rs 30,000<\/strong><br>Tax on Rs 12-15 lakh: <strong>20% or Rs 60,000<\/strong><br>Tax on Rs 15-19.25 lakh: <strong>30% or Rs 1,27,500<\/strong><\/td><\/tr><tr><td>Total Tax<\/td><td>Rs 2,67,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_Claim_a_Standard_Deduction\"><\/span>Who can Claim a Standard Deduction?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The standard deduction can be claimed by individuals receiving salary and pension, excluding business owners. For the following cases, the standard deduction will not be applicable:-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Freelancers, business owners, and professionals cannot claim this deduction.<\/li>\n\n\n\n<li>Family pension (received by legal heirs of a deceased pensioner) is taxed under the head &#8220;<strong>Income from Other Sources<\/strong>&#8220;, not &#8220;Salaries.&#8221;<\/li>\n\n\n\n<li>If a person has income only from rental income, capital gains, interest, or business, they cannot claim the standard deduction.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reflection_in_ITR_Forms\"><\/span>Reflection in ITR Forms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ITR-1_Sahaj\"><\/span>ITR-1 (Sahaj)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This Form is used by individuals with income from salaries, one house property, or other sources (e.g., interest) up to Rs. 50 lakh. In ITR-1, the gross salary is reported, and the standard deduction of Rs. 75,000 (new regime) or Rs. 50,000 (old regime) is subtracted to compute taxable salary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ITR-2\"><\/span>ITR-2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/itr-2\/\">Form ITR-2<\/a><\/strong>  is applicable for Individual and Hindu Undivided Family (HUF) with more complex income sources (e.g., capital gains, multiple properties) or no business income. Similar to ITR-1,  the standard deduction is entered under \u201cIncome from Salaries\u201d by reducing the gross salary by Rs. 75,000 under new regime or Rs. 50,000 under old regime.<\/p>\n\n\n\n<div class=\"schema-how-to wp-block-yoast-how-to-block\"><p class=\"schema-how-to-description\"><strong>FAQs<\/strong><\/p> <ol class=\"schema-how-to-steps\"><li class=\"schema-how-to-step\" id=\"how-to-step-1744367725730\"><strong class=\"schema-how-to-step-name\">Is Standard Deduction available on other Heads of Income?<\/strong> <p class=\"schema-how-to-step-text\">No, Standard deduction is only available from salary &amp; pension income and not from Income from other sources.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1744367751744\"><strong class=\"schema-how-to-step-name\">Does Standard deduction apply for Payments of annuity from Insurance Companies?<\/strong> <p class=\"schema-how-to-step-text\">No, it does not apply to Payments of annuity from Insurance Companies, since they are taxed under the head Income from Other sources.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1744367770877\"><strong class=\"schema-how-to-step-name\">What if I switch jobs mid-year?<\/strong> <p class=\"schema-how-to-step-text\">The standard deduction under new regime Rs. 75,000 or Rs. 50,000 under old regime applies for the year, regardless of job changes.<br\/>Employers can adjust TDS based on the salary paid during employment.<br\/>If the total deduction is not fully accounted for by employers, you can claim the balance while filing ITR using Form 16 from all employers.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1744367781076\"><strong class=\"schema-how-to-step-name\">What is rebate under Section 87A?<\/strong> <p class=\"schema-how-to-step-text\">Rebate is a tax relief provided to the Tax Payers whose Annual Income is up to Rs. 7 lakh under the new tax regime and up to Rs. 5 lakh under the old regime for FY 2024-2025.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1744367802296\"><strong class=\"schema-how-to-step-name\">How is Rebate different from Standard Deduction?<\/strong> <p class=\"schema-how-to-step-text\">Standard Deduction is a deduction on income earned. On the other hand Tax rebate is claimed from the total amount of tax payable.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1744367818762\"><strong class=\"schema-how-to-step-name\">Does the standard deduction apply to part-year employment?<\/strong> <p class=\"schema-how-to-step-text\">Yes, the deduction is not prorated. Even for part-year employment, the full standard deduction can be claimed under new regime or under old regime.<\/p> <\/li><\/ol><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Finance Minister Smt Nirmala Sitharaman on July 23rd, 2024 under new tax regime, hiked the standard deduction to Rs. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":1865,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Standard Deduction on Salary: Latest Updates for FY 2024-25 - Tax Guide<\/title>\r\n<meta name=\"description\" content=\"The standard deduction is provided to offer relief to salaried individuals from the tax burden. Check how much of amount is applicable?\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Standard Deduction on Salary: Latest Updates for FY 2024-25 - Tax Guide\" \/>\r\n<meta property=\"og:description\" content=\"The standard deduction is provided to offer relief to salaried individuals from the tax burden. 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paid during employment.If the total deduction is not fully accounted for by employers, you can claim the balance while filing ITR using Form 16 from all employers."}]},{"@type":"HowToStep","url":"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#how-to-step-1744367781076","name":"What is rebate under Section 87A?","itemListElement":[{"@type":"HowToDirection","text":"Rebate is a tax relief provided to the Tax Payers whose Annual Income is up to Rs. 7 lakh under the new tax regime and up to Rs. 5 lakh under the old regime for FY 2024-2025."}]},{"@type":"HowToStep","url":"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#how-to-step-1744367802296","name":"How is Rebate different from Standard Deduction?","itemListElement":[{"@type":"HowToDirection","text":"Standard Deduction is a deduction on income earned. On the other hand Tax rebate is claimed from the total amount of tax payable."}]},{"@type":"HowToStep","url":"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/#how-to-step-1744367818762","name":"Does the standard deduction apply to part-year employment?","itemListElement":[{"@type":"HowToDirection","text":"Yes, the deduction is not prorated. Even for part-year employment, the full standard deduction can be claimed under new regime or under old regime."}]}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/comments?post=192"}],"version-history":[{"count":5,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/192\/revisions"}],"predecessor-version":[{"id":1875,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/192\/revisions\/1875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/media\/1865"}],"wp:attachment":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/media?parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/categories?post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/tags?post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}