Standard Deduction For Ay 2024-25 New Regime. Yes, standard deduction of rs.50,000 or the amount of salary, whichever is lower, is available for both. C) deduction on employer's contribution to nps account is available up to 10%.

Now, both central and state government employees can deduct up to 14% of employer contributions towards nps. New tax slab rate for fy 2023 2024 ay 2024 2025 stocks porn, know all the changes announced in the new tax regime from income.