Govt Clarifies Rs 75,000 Standard Deduction Under New Tax Regime in Income Tax Bill 2025

The government has clarified a ₹75,000 standard deduction under the new tax regime in the Income Tax Bill, 2025. The bill, which is aimed at modernizing the tax system and simplifying the compliance process, is expected to have a profound impact on taxpayers. This change will exempt annual incomes up to ₹12.75 lakh for salaried individuals from income tax, aiming to boost consumption and investment. This is a significant step towards a more efficient and less intrusive tax environment.