OldVsNewRegime

What Is Standard Deduction in Income Tax (FY 2024-25 & FY 2025-26): Latest Rules, Benefits & Examples

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what is standard deduction in income tax

Learn what standard deduction in income tax means, the latest FY 2024-25 & FY 2025-26 updates, eligibility for salaried and pensioners, new vs old regime rules, benefits, examples, and FAQs—all explained in simple terms. Introduction When it comes to paying income tax in India, one of the most common questions salaried individuals and pensioners ask … Read more

Standard Deduction Under Section 16(ia) – Latest Rules, ₹50,000 & ₹75,000 Benefits Explained (FY 2024-25)

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standard deduction under section 16(ia)

Understand the standard deduction under Section 16(ia) with updated rules for FY 2024-25. Find out how salaried employees and pensioners can claim ₹50,000 or ₹75,000, compare regimes, and maximize tax savings easily. Introduction For every salaried employee or pensioner in India, one of the simplest ways to reduce taxable income is through the standard deduction … Read more