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      Question

      The "Standard Deduction" available to salaried taxpayers

      for A.Y. 2025-26 (under New Tax Regime) is:
      A โ‚น40,000 Correct Answer Incorrect Answer
      B โ‚น50,000 Correct Answer Incorrect Answer
      C โ‚น75,000 Correct Answer Incorrect Answer
      D โ‚น1,00,000 Correct Answer Incorrect Answer
      E No standard deduction is available. Correct Answer Incorrect Answer

      Solution

      As per the Union Budget 2024 updates (applicable to FY 2024-25 / AY 2025-26), the standard deduction for salaried employees under the New Tax Regime was increased to โ‚น75,000.

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