Income Tax Standard Deduction 2025. Simplifies filing by raising the standard deduction for salaried individuals by 50% to ₹75,000. Deductions include deduction against salaries, against ‘ income from house properties ‘, against ‘ profits.

The centre is expected to unveil the direct tax code 2025, the simplified version of the income tax laws, in the upcoming union budget to be presented on february 1 next year. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.