• Home
  • 7th Pay Matrix
  • 8th Pay Matrix
  • Pay Calculator
  • DA Table
  • 8th CPC News

Central Government Employees Latest News

8th Pay Commission Latest News Today, Pay Matrix, Expected DA Rates Table

You are here: Home / INCOME TAX / Standard Deduction for Salaried Employees
Latest 8th CPC News
Salary Calculator Updated 2025
DA January 2026 Calculator
New HRA Rates 2025
Simplified 7th Pay Matrix Table 2025
CG First Pay Calculator

Standard Deduction for Salaried Employees

March 24, 2023 Ekanathan Leave a Comment

Standard Income Tax Deduction for Salaried Employee

Standard Deduction for tax calculation available on the gross salary of salaried employees

The Minister of State for Finance said in the Parliament on 7th Feb 2023 that the proposals in this regard have been examined during various budgetary exercises and the outcomes are reflected in the Finance Bills in the respective years.

He added, that Section 16 of the Income-tax Act, 1961 (the Act), inter alia, provides for certain deductions in computing income chargeable under the head “Salaries”. Finance Act, 2018 amended section 16 of the Act to allow a standard deduction of up to Rs. 40,000 or the amount of salary, whichever is less.

The value of the deduction has been increased from Rs. 40,000 to Rs. 50,000 by the Finance Act, 2019. Since “salaried employees” is not a separate category of the taxpayer under the Act (as an individual may have income from sources other than salaried also), data regarding tax incentives for the salaried class is not separately maintained.

There are no other financial incentives related to taxes given to salaried employees by the
Government.

Latest Updates on Income Tax

  • No Income Tax Up to ₹ 12.75 Lakh for Salaried Tax Payers!
  • Income Tax Online Calculator for Salaried (Government) Employees
  • HRA Income Tax Exemption Calculator for Central Govt Employees
  • Old Regime Vs New Regime Tax Calculator 2023-24 from Income Tax Department
  • Pension Need To Be Income Tax-free – BPS Demands
  • Income Tax Benefits for Senior and Super Senior Citizens 2023 PDF
  • Guidelines for Retention of Departmental Laptop – Policy and Application Form
  • Clause 10D Life Insurance Policy: Income Tax Act Guidelines (2023)
  • Rate of Exchange for Tax Deduction – Income-tax (17th Amendment) Rules, 2023
  • Income Tax Rules 2023: Life Insurance Policy Tax Computation
Related updates:

    Income Tax Online Calculator for Salaried (Government) Employees
    Old Regime Vs New Regime Tax Calculator 2023-24 from Income Tax Department
    HRA Income Tax Exemption Calculator for Central Govt Employees

Filed Under: INCOME TAX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Diwali Bonus for Central Government Employees 2025

Pay Scale Conversion Table from 4th to 8th CPC

7th CPC Pension Calculator – 4th, 5th, 6th, and 7th Pay Scale Table

Tamil Nadu RTE 2025 Admission Last Date 19.10.2025

Cabinet Approved 58% DA from July 2025

What is the Hand Salary of 7th Pay Matrix Level 6 in 2025? Full In-Hand Pay Details for CG Employees

PFRDA Recruitment 2025 | Assistant Manager Applications End on 6th August

8th Pay Matrix Basic Salary Table for Level-1

CBSE Date Sheet 2026 for Board Examination Class 10 and Class 12

DA Arrears Calculator July 2025 (58 Percent Updated)

Online Calculators

  • 7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
  • Expected DA from July 2025 Calculator
  • Pay Scale Conversion Calculator
  • 7th CPC Increment Calculator 2025
  • KVS PGT, TGT, PRT Teacher Salary Calculator 2025
  • Bonus Calculator for CG Employees 2025
  • CGEGIS Savings Fund Benefit Calculator Updated 2025
  • Central Government First Pay Calculator 2025
  • Retirement Date Calculator for CG Employees
  • DA Arrears Calculator January 2025 (55% Updated)
  • Commutation Factor Value of Pension Calculator
  • Leave Encashment of CG Employees Calculator
  • HRA Income Tax Exemption Calculator for Salaried Employees
  • 7th CPC Pension and Arrears Calculator
  • Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • 7th CPC Pay Calculator for Teachers in Universities and Colleges
  • 18 Months DA Arrears Calculator for CG Employees
  • 18 Months DA Arrears Calculator for CG Pensioners
  • 7th CPC TA & DA Calculator
  • Government Pension Calculator 2025
  • CPSE (IDA Pay Scale) Salary Calculator
  • DA Amount Calculator Online 2025
  • Dearness Relief (DR) Calculator for Pensioners
  • Expected April 2025 IDA Calculator for BSNL Employees
  • Expected IDA Calculator from April 2025 for CPSE Employees
  • GPF Interest Rate Calculator
  • HRA Online Calculator
  • LTC Cash Voucher Scheme Calculator
  • Option Calculator for Promotion or MACP to Switch over to 7th CPC
  • OROP Arrears Calculator for Defence Pensioners
  • Simple Online New & Old Regime Income Tax Calculator

8th Pay Commission News

  • Latest 8th Pay Commission News Date, Salary Slab, Pay Scale Calculator
  • Expected 8th Pay Commission Pay Matrix Table

Latest Discussions

  • M K KUMAR on VII Pay Fixation Table: Promoted from Level 5 to 6
  • Mushtaq on VII Pay Fixation Table: Promoted from Level 5 to 6
  • M K KUMAR on 7th CPC MACP Pay Fixation on Promotion MACP Calculator 2025
  • Mahesh Prasad Ray on 7th CPC MACP Pay Fixation on Promotion MACP Calculator 2025
  • M K KUMAR on 7th CPC MACP Scheme | Latest Clarification on MACP Scheme
  • M K KUMAR on 7th CPC MACP Pay Fixation on Promotion MACP Calculator 2025
  • Kishan lal on 7th CPC MACP Scheme | Latest Clarification on MACP Scheme
  • admin on Expected DA Calculator July 2025: Cabinet May Approve 58% Soon!
  • Lakshmana C on 7th CPC MACP Pay Fixation on Promotion MACP Calculator 2025
  • M K KUMAR on E-Sampada Portal User Registration, Login and Online Booking Procedure
Copyright © 2023 | Central Government Employees News | 7th Pay Commission News | Instagram | Facebook