As of 4 November 2026, under the Income-tax Act, 2025, what is the maximum standard deduction from…
The standard deduction is Rs. 50,000 or the amount of salary, whichever is less. Under the Income-tax Act, 2025, this limit applies outside the default tax regime; the…
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As of 4 November 2026, under the Income-tax Act, 2025, what is the maximum standard deduction from salary for an individual who opts out of the default tax regime?
Answer and explanation
Correct answer D
The standard deduction is Rs. 50,000 or the amount of salary, whichever is less. Under the Income-tax Act, 2025, this limit applies outside the default tax regime; the default regime has a different standard-deduction limit.
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Gujarat SET (GSET)