Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Deduction on salary and family pension enhanced for taxpayers...
Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/33.33%.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
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.
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
