Securing Hannav Ledger...
Securing Hannav Ledger...
Find your eligible standard deduction, tax saving, and taxable salary for salaried employees and pensioners. Available under both Old and New Tax Regimes.
Enter your annual salary and financial year
Annual gross salary or pension income
₹75,000
₹0
₹11,25,000
| Item | Old Regime | New Regime |
|---|---|---|
| Gross Salary | ₹12,00,000 | ₹12,00,000 |
| Statutory Standard Deduction | ₹50,000 | ₹75,000 |
| Eligible Standard Deduction | ₹50,000 | ₹75,000 |
| Taxable Salary | ₹11,50,000 | ₹11,25,000 |
| Tax Saving | ₹15,600 | ₹0 |
| Income Tax (with deduction) | ₹1,63,800 | ₹0 |
Eligible Deduction = min(Salary, Statutory Limit); Taxable Salary = Salary - Eligible Deduction; Tax Saving = Tax(Salary) - Tax(Taxable Salary)Standard deduction under Section 16(ia). Statutory limits per FY and regime are read from formula.rules JSON.
Standard deduction is a flat deduction from salary or pension under Section 16(ia). No proof of expenses is required.
Eligible Deduction = min(Salary, Statutory Limit). Taxable Salary = Salary − Eligible Deduction. Tax Saving = Tax(Salary) − Tax(Taxable Salary).
FY 2024-25: Rs 50,000 for both regimes. FY 2025-26: Rs 50,000 (Old) and Rs 75,000 (New).
Salaried employees and pensioners under the head Salaries. Not available for business income.
Example 1: Salary Rs 12L, FY 2025-26 New → Deduction Rs 75K, Taxable Rs 11.25L. Example 2: Salary Rs 15L, New → Tax Saving ≈ Rs 23,400. Example 3: Salary Rs 8L, FY 2024-25 Old → Deduction Rs 50K, Taxable Rs 7.5L.
Standard Deduction Limits (FY 2025-26)
Eligible deduction = min(Salary, Statutory Limit). Tax Saving = Tax without deduction − Tax with deduction.