Standard Deduction On Salary For Ay 2025-26. The standard deduction for salaried employees has been increased to rs. This standard deduction is available to those individual taxpayers who are receiving income from salary or pension

From april 1, 2024, the new tax regime allows standard deduction of rs 75,000 from salary and pension income and section 80ccd (2) deduction up to 14% on basic salary for employer’s. The budget 2024 announcement also featured some additional good news for salaried individuals in the form of an increase in the standard deduction to rs.