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

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

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

EPF Pension Calculator for Private Employees – Complete Guide & Free Tool

EPF Pension Calculator for Private Employees

Want to know your EPS pension? Use our free EPF pension calculator for private employees to estimate monthly pension, check eligibility, and compare capped vs higher pension schemes. Simple steps, expert tips, and complete clarity in one guide. Planning your retirement isn’t just about saving—it’s about knowing how much you’ll receive when you finally decide … Read more

What is Standard Deduction in Income Tax? Latest Rules, Benefits & Filing Guide 2025

What is Standard Deduction in Income Tax

Understand what is standard deduction in income tax and how it saves you ₹75,000. Get step-by-step guide, latest rules, FAQs, filing tips, old vs new regime benefits, and maximise your tax savings in FY 2025-26. Fully updated and beginner-friendly. Understand the ₹75,000 standard deduction, Section 16 rules, who’s eligible, and how it compares in old vs … Read more

How Income Tax is Calculated in India (FY 2025-26): A Comprehensive Guide

How Income Tax is Calculated in India

Understand how income tax is calculated in India for FY 2024-25. This simple guide covers tax slabs, deductions, new vs old regime, and examples to help you plan your taxes smartly and save more. Understanding how income tax is calculated is essential for every taxpayer in India, especially as tax laws and slabs often change … Read more

Old vs New Tax Regime 2025: Which Saves You More Money? (Calculator Inside)

Old vs New Tax Regime 2025

Confused between old and new tax regime in 2025? Our detailed comparison with ₹7L/₹15L/₹25L salary examples and built-in calculator helps you choose the best option. Learn which deductions work and how much tax you’ll pay in each regime. Choosing between the old and new tax regime in 2025 can significantly impact your take-home salary and tax savings. … Read more