Standard deduction (₹)
The standard deduction is a flat amount subtracted from salary or pension income, no bills required. It is ₹50,000 under the old regime and ₹75,000 under the new regime (from FY 2024-25).
It applies automatically to salaried employees and pensioners and directly reduces taxable income, so it is one of the simplest reliefs available.
This is general information, not professional advice — confirm the current position for your specific case before acting.
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