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Who is Eligible for Rs 50,000 Standard Deduction in New Tax Regime?

Who is Eligible for Rs 50,000 Standard Deduction in New Tax Regime? Standard Deduction of Rs 50,000 is now available for EVERY Salaried & Pensioners under the New Tax Regime in India (2023). This new change has been introduced under Section 16(ia) in Budget 2023, and for new tax regime which was introduced as an alternative tax system under section 115BAC