Deduction allowable
manickavel T (accounts officer) (92 Points)
07 February 2023
whether Standard Deduction is allowed for Income Tax new regime.?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185339 Points)
Replied 07 February 2023
Not for AY 2023-24...
But from AY 2024-25... (i.e. FY 2023-24), it has been proposed..
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 08 February 2023
Yes. Standard deduction is available from 01.04.2023
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