Tax
What is Standard Deduction? — Meaning, Definition & Example
Definition
Standard deduction is a flat deduction from salary/pension income, replacing transport allowance and medical reimbursement. Under New Regime (FY 2025-26 onwards): ₹75,000. Under Old Regime: ₹50,000. No bills or proof required — automatically available to all salaried employees and pensioners.
💡 Real Example
With ₹75,000 standard deduction under New Regime, a person earning ₹12.75 lakh has taxable income of ₹12 lakh — which is tax-free after rebate.
🇮🇳 Standard Deduction in Hindi / हिंदी में
स्टैंडर्ड डिडक्शन — स्टैंडर्ड डिडक्शन वेतन/पेंशन आय से एक फ्लैट कटौती है। नई व्यवस्था में ₹75,000 और पुरानी में ₹50,000 है।
Standard Deduction (Hinglish) — Standard deduction salary/pension income se ek flat deduction hai. New Regime mein ₹75,000 aur Old Regime mein ₹50,000. Koi proof ya bill nahi chahiye.
❓ Frequently Asked Questions
What is Standard Deduction in simple words?
Standard deduction is a flat deduction from salary/pension income, replacing transport allowance and medical reimbursement. Under New Regime (FY 2025-26 onwards): ₹75,000. Under Old Regime: ₹50,000. No bills or proof required — automatically available to all salaried employees and pensioners.
Can you give an example of Standard Deduction?
With ₹75,000 standard deduction under New Regime, a person earning ₹12.75 lakh has taxable income of ₹12 lakh — which is tax-free after rebate.
What is Standard Deduction meaning in Hindi?
In Hindi, Standard Deduction is called स्टैंडर्ड डिडक्शन. स्टैंडर्ड डिडक्शन वेतन/पेंशन आय से एक फ्लैट कटौती है। नई व्यवस्था में ₹75,000 और पुरानी में ₹50,000 है।