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Standard deduction decoded: What you really need to know

Budget 2026 discussions highlight the standard deduction for salaried individuals and pensioners. This benefit allows a fixed amount to be subtracted from gross income, reducing taxable income. For FY 2024-25, the old tax regime offers 50,000, while the new tax regime provides 75,000. This simplifies tax filing and offers relief.

9 Dec 2025 2:51 pm