Tax Regime Differences for Salaried Persons: Old versus New Standard Deductions
Revised Blog Post
The Standard Deduction, worth up to Rs 75,000 in the new tax regime for salaried individuals and pensioners, can serve as a significant tax saving strategy within the realm of finance, helping to lower taxable income and reduce tax liability. Given the eligibility criteria, business owners and self-employed individuals may need to explore alternative tax relief methods.