Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

In the 2024-25 Budget, Finance Minister Nirmala Sitharman raised the standard deduction to Rs 75,000 under the new tax regime. The primary aim of this provision is to ease the burden on taxpayers ...

So, what is Standard Deduction, what are the limits both for the old and the new tax regime taxpayers? Standard deduction on salary simplifies tax filing for salaried individuals, reducing taxable ...

Budget 2025 income tax expectations: With Finance Minister Nirmala Sitharaman set to deliver the Union Budget 2025 speech on February 1, 2025, salaried and middle class taxpayers are looking to ...

Standard Deduction Budget 2024: Finance Minister Nirmala Sitharaman has announced an increase in the standard deduction for salaried employees by ₹25,000 in the new tax regime while presenting ...

Also Read: Budget Speech 2024 LIVE: Nirmala Sitharaman revises tax slabs under new regime Owing to this ... The National Pension System (NPS) deduction on employers' contribution to employees ...

Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget. Ms Sitharaman also ...

Mumbai: The Union Budget 2024-25 presented on Tuesday revised the tax slab rates and the standard deduction for the individuals under the new tax regime but did not make any changes in the old tax ...

Again, this is available only for those who opt for the new income-tax regime. A standard deduction is a flat deduction available to all salaried taxpayers and pensioners, irrespective of your ...

The standard deduction for salaried employees has been increased from Rs 50,000 to Rs 75,000 for those opting for the New Tax regime. Similarly, the deduction on family pension for pensioners has ...

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...