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
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
Understand Standard Deduction under Income Tax for FY 2024-25 & AY 2025-26. Learn about tax benefits, old vs. new tax regime, Section 16(ia), and how it lowers taxable income. Find year-wise updates and salary deductions for maximum tax savings! When it comes to income tax planning, one of the most crucial deductions available to salaried … Read more