“Finance Minister Nirmala Sitharaman, in Budget 2025, retained the standard deduction benefit for salaried individuals and ...

Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs 75,000. This adjustment, in addition to the raised nil-tax threshold of Rs ...

With the new tax slabs, Sitharaman has announced that individuals earning up to Rs 12 lakh annually will no longer be taxed.