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TMI BlogDeduction on salary and family pension enhanced for taxpayers opting for new tax regime. Standard...Deduction on salary and family pension enhanced for taxpayers opting for new tax regime. Standard deduction on salary increased from fifty thousand to seventy five thousand rupees. Deduction on family pension increased from fifteen thousand to twenty five thousand rupees or thirty-three and one-third percent of such income, whichever is less. Amendments effective from April 1, 2025 for assessment year 2025-26 onwards. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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