StandardDeduction

Standard Deduction for FY 2024-25: Old vs New Regime, Eligibility & Tax Benefits

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Standard Deduction for FY 2024-25

Learn the latest rules for standard deduction in FY 2024-25. Know the limits under old and new tax regimes, family pension benefits, and how it reduces taxable income. Get examples, FAQs, and practical insights to choose the right regime. Tax planning is one of the most important aspects of personal finance. For salaried employees and … Read more

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

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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