Standard Tax Deduction 2025 India Over 65 . Tax Standard Deduction 2025 Todd Alvarez The standard deduction of Rs 75,000 is not included in this Under the new system, those earning up to Rs 12 lakh would not be required to pay any income tax, according to Sitharaman
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Senior citizens, who are receiving income solely from pensions and interests on savings, have been exempted from filing income tax returns.Doing away with the need for additional filing, specified banks were proposed to handle tax deductions. Additionally, she increased the two-year tax return filing maximum to four years.
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