Salaried? Know Your Standard Deduction for ITR 2025 and Beyond The revised Income Tax Bill, 2025, has introduced significant clarifications for salaried individuals, particularly concerning the standard deduction. These changes will be effective from the financial year 2025-26, impacting the Income Tax Return (ITR) you will file in 2026. According to the new law, the … Read more
Tax Relief for Salaried Employees: ₹75,000 Standard Deduction is Now Official The government has officially cleared up confusion for salaried employees by legally cementing the ₹75,000 standard deduction under the new tax regime. This move, which follows an announcement in the Union Budget 2024, makes the benefit a permanent part of the tax law. The … Read more
Major Tax Relief for Salaried Individuals: Standard Deduction Reinstated and Rebate Enhanced The government has passed the Taxation Laws (Amendment) Bill, 2025, which corrects a previous drafting error and aligns tax provisions with the announcements made in Budget 2025. This amendment provides significant tax relief for salaried individuals under the new tax regime for the … Read more
Major Tax Changes for Salaried Employees: What You Need to Know The government has introduced significant changes to India’s income tax structure, bringing clarity to deductions and tax slabs. Here’s a breakdown of the key updates affecting salaried individuals, as confirmed by the Finance Minister and now part of the new legislation. Standard Deduction Increased … Read more
