Standard deduction
A flat deduction from salary or pension income: ₹75,000 in the new regime, ₹50,000 in the old.
It's given automatically to salaried people and pensioners, with no proof needed. It's why salary up to ₹12.75 lakh pays no tax in the new regime.
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Your monthly in-hand pay from your CTC, after PF, professional tax and income tax — in both tax regimes.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.