For tax year 2026–27, what is the maximum standard deduction from salary under the default tax regime in section 202 of the Income-tax Act, 2025, if salary exceeds the limit?
Question and options
For tax year 2026–27, what is the maximum standard deduction from salary under the default tax regime in section 202 of the Income-tax Act, 2025, if salary exceeds the limit?
₹50,000
₹60,000
₹1,00,000
₹75,000
Answer and explanation
Correct answer: D - ₹75,000
Item 2 of the Table in section 19(1) of the Income-tax Act, 2025 allows a standard deduction of ₹75,000, or the salary if less, where tax is computed under the default regime in section 202(1). In any other case the cap is ₹50,000.
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