Standard Deduction in New Tax Regime EXPLAINED
Standard Deduction in New Tax Regime revised for FY 2024-25 onwards. You get flat deduction of Rs. 75,000 in new tax regime..
standard deduction limit
What is Standard Deduction for Salaried Employees
Standard Deduction limit is Rs. 50,000 for 2023-24. Example: Gross income = Rs. 6,00,000, Std Deduction = Rs. 50,000, Taxable Income = Rs. 5,50,000..