Standard Deduction Calculator
Check the current Standard Deduction limits for Salaried and Pensioners in India.
Standard Deduction History
Standard Deduction is a flat deduction allowed from your Gross Salary income, without requiring any proofs or documents.
FY 2023-24 (Old)
₹50,000
FY 2023-24 (New)
₹50,000
FY 2024-25 (New Regime)
₹75,000
⚠️ Update: In the latest budget, Standard Deduction in New Tax Regime has been increased to ₹75,000.
Flat Tax Relief
Standard Deduction was reintroduced to replace transport and medical allowances. For FY 2024-25 (New Regime), the limit has been increased to ₹75,000.
Frequently Asked Questions
Do I need proofs for Standard Deduction?
No, it is a flat deduction allowed to all salaried employees without any documents.