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Standard Tax Deduction
Tax in New Regime
What Is
Standard Deduction in Income Tax
Deductions Under
New Tax Regime
New Tax Regime
India
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New Tax Regime
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Old Tax Regime vs New Tax Regime- which one should I pick? An individual with a gross salary of Rs 10 lakh claiming Rs 4.75 lakh in deductions will pay Rs 18,200 in income tax under the old tax regime, but this amount will increase to Rs 54,600 under the new tax regime for 2023–24 These deductions might include the standard deduction of Rs. 50,000, the Rs. 2 lakh housing loan interest deduction, the Rs. 1.5 lakh Section 80C deduction, the Rs. 25,000 Section 80D tax deduction on paid health insur
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