Tax Guide

What is the standard deduction for salaried employees?

Key mapping

The standard deduction for salaried employees is ₹75,000 per year (increased from ₹50,000 by Budget 2024, effective FY 2024-25). Available under both old and new tax regimes.

Explanation

The standard deduction is a flat deduction from gross salary income — no receipts or proof needed. Budget 2024 increased it from ₹50,000 to ₹75,000 effective FY 2024-25 (AY 2025-26). Pensioners (in receipt of pension under §192/§392) also get this deduction. The deduction is available under both the new (default) and old (optional) tax regimes. It is different from the professional tax deduction (up to ₹2,500) which is a separate allowable deduction. Verify on the income-tax portal before filing.

Related terms and sections

standard deduction 75000 salaried pension FY 2024-25 both regimes deduction

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Related sections

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All section references are sourced from the Income Tax Act 2025 (official gazette, incometaxindia.gov.in) and cross-referenced against CBDT's comparative statement. Always verify on the official portal before filing. This page is for reference only and does not constitute legal or tax advice.

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