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of <h1>Standard Deduction for Salaried Individuals Rises to 75,000 Under Section 115BAC(1A)(ii) Starting April 2025</h1> The standard deduction under Section 16(ia) of the Income Tax Act provides salaried individuals with a deduction of 50,000 or the amount of salary, whichever is less, for calculating total income. However, if income tax is computed under section 115BAC(1A)(ii), effective from April 1, 2025, this deduction increases to 75,000. Thus, under the old tax regime, the standard deduction remains 50,000, while under the new regime, it is 75,000.
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