Standard Deduction on Salary in FY 2024–25: Claim ₹75,000 Automatically & Save Tax Smartly

Standard Deduction on Salary in FY 2024–25

Understand how the ₹75,000 standard deduction on salary works under new and old tax regimes. Learn eligibility, savings impact, and how to claim it in ITR filing. Introduction: Why the Standard Deduction on Salary Matters Now More Than Ever The Union Budget 2024–25 brought a significant relief for India’s salaried and pensioned citizens. One of … Read more

Standard Deduction Under Section 16(ia): ₹75,000 Tax Relief for Salaried & Pensioners in 2024–25

Standard Deduction Under Section 16(ia)

Understand the ₹75,000 standard deduction under Section 16(ia) for FY 2024–25. See who can claim it, how it compares with the old regime, and how it helps salaried employees and pensioners save more in taxes. As salaries rise and tax structures evolve, understanding the standard deduction under Section 16(ia) becomes essential for every Indian employee—especially … Read more