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Standard deduction — ₹75,000 flat off your salary

In short

Every salaried person and pensioner gets a flat standard deduction₹75,000 in the new regime, ₹50,000 in the old — with no proof needed.

How much

  • New regime: ₹75,000 (FY 2024-25 onwards).
  • Old regime: ₹50,000.

It's automatic against salary or pension income — no bills, no declaration. Pensioners get it too.

Family pension

A family pension recipient gets a separate deduction of ₹25,000 (new regime) / ₹15,000 or one-third (old) under Section 57.

The law behind it
Section 16(ia) Section 115BAC Section 57
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General information for FY 2025-26 (AY 2026-27), not advice on your specific case. Limits, rates and conditions change with each Finance Act and depend on your facts — confirm before acting. © EaseValue Advisors LLP.
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