Is standard deduction of 75000 applicable to all?

Is the ₹75,000 Standard Deduction Available to Everyone?

Good news for salaried workers: the standard deduction of ₹75,000 is indeed available to all, regardless of individual expenses or financial background. Introduced as part of the revised tax regime, this benefit has made tax planning simpler and more inclusive for millions of employees across India.

By automatically reducing taxable income by ₹75,000, most salaried individuals now enjoy significant tax relief. In practical terms, this means a person earning up to ₹12.75 lakh per year could potentially pay little to no income tax, depending on their tax slab and other applicable deductions they may opt for.

What makes this deduction stand out is its universality. Unlike other exemptions that depend on things like housing loans, medical bills, or investments, the standard deduction doesn’t require any documentation. It’s automatically applied, making it one of the most accessible benefits in the current tax structure.

This policy, effective from the financial year 2024–25 and gaining momentum by April 2026, aims to ease the tax burden on the middle class and encourage salaried professionals to opt for the new tax regime without fear of losing out on traditional deductions.

However, it’s important to remember that while the ₹75,000 standard deduction applies across the board, individual tax liability may still vary based on other factors like additional income, investments, and whether one chooses the old or new tax regime.

In short, yes — the benefit is for everyone. And for most salaried employees, it means more money in hand and a simpler way to file taxes.