Under the default tax regime of the Income-tax Act, 2025, the standard deduction from salary is:
The standard deduction from salary under the default tax regime of the Income-tax Act, 2025 is Rs. 75,000 or the amount of salary, whichever is less. The Rs. 50,000 limit…
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Under the default tax regime of the Income-tax Act, 2025, the standard deduction from salary is:
Answer and explanation
Correct answer A
The standard deduction from salary under the default tax regime of the Income-tax Act, 2025 is Rs. 75,000 or the amount of salary, whichever is less. The Rs. 50,000 limit applies only when the taxpayer opts out of the default regime.
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Maharashtra and Goa SET (MH SET)