Am I eligible for Rs. 50,000 standard deduction in the new tax regime? https://www.taxtmi.com/manuals?id=4552 A standard deduction equal to the stated ceiling or the amount of salary, whichever is lower, is available under both the old tax regime and the new tax regime from the assessment year specified for implementation, reducing taxable salary income by the permissible deduction cap subject to comparison with actual salary. en-us Fri, 05 Jul 2024 12:59:00 +0530 Fri, 05 Jul 2024 12:59:00 +0530 TaxTMI RSS Generator Am I eligible for Rs. 50,000 standard deduction in the new tax regime? https://www.taxtmi.com/manuals?id=4552 A standard deduction equal to the stated ceiling or the amount of salary, whichever is lower, is available under both the old tax regime and the new tax regime from the assessment year specified for implementation, reducing taxable salary income by the permissible deduction cap subject to comparison with actual salary. Manuals Income Tax Fri, 05 Jul 2024 12:59:00 +0530 https://www.taxtmi.com/manuals?id=4552