Sunday, Jun 21, 2026

"assessment-year-2025-26"

Union Budget: Relief for salaried class under new tax regime; 50 percent hike in standard deduction to Rs 75,000

The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually. Similarly, deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,000.

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