Standard Deduction For 2025 Married Jointly In India

Standard Deduction For 2025 Married Jointly In India. The standard deduction under the new income tax regime has been hiked from rs 50,000 to rs 75,000. The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000.

For salaried individuals, the standard deduction is rs 50,000; However, there are certain deductions and exemptions available.