Is standard deduction of Rs. 50000/- applicable only to old regime?

Created by Product Content Team, Modified on Wed, 18 Jun at 4:12 PM by Product Content Team


The greytHR is ready with the new budget changes for the financial year 2023-24. As per the budget changes for the FY 2023-24, the standard deduction of Rs. 50000/- applies to both the old and new regimes


The budget changes will automatically reflect in the admin portal on the Income Tax page and in the ESS portal on the Declare Income Tax page.


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