Standard Tax Deduction 2025 India Over 65 . Tax Standard Deduction 2025 Todd Alvarez This benefit reduces taxable income without needing proof of expenses 75,000 standard deductions under the new regime, pushing the salaried tax slab's tax-free limit to INR
2025 Standard Tax Deductions In India Khalil Wood from khalilwood.pages.dev
Sitharaman earlier today announced changes to the income tax slabs in the country The standard deduction of Rs 75,000 is not included in this
2025 Standard Tax Deductions In India Khalil Wood The Indian government has introduced significant changes to the New Income Tax Regime in 2025, making it more attractive for taxpayers.The latest Union Budget has revised tax slabs, increased the standard deduction, and introduced additional benefits aimed at reducing tax liability and increasing disposable income. Hence, your total taxable income will come down to Rs 9,95,000. 12,00,000, and the rebate wipes out your tax liability entirely.
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What Is The New Standard Deduction For 2025 Mary T. Halley . 75,000, family pension relief, and rebates for certain incomes Section 80C: Expected Changes Section 80C allows deductions on investments like LIC, PPF, EPF, and NSC, with a current limit of Rs 1.5 lakh.