Deductions & Allowances in India
Standard deduction (estimated)
For 2026, an estimated standard deduction of ₹75,000 is used in this calculator's default estimate.
Key deductions and allowances in India
- Section 87A rebate — tax payable drops to nil if taxable income is ₹12 lakh or below under the New Regime
- Standard deduction of ₹75,000 for salaried employees (New Regime)
- Section 80C investments (up to ₹1.5 lakh) — available only under the Old Regime
- HRA and LTA exemptions — available only under the Old Regime
Other categories worth checking
- Retirement / pension contributions
- Health insurance and medical expenses
- Dependent / family allowances
- Mortgage interest or housing-related relief
- Education expenses
- Charitable donations
- Business expenses (for self-employed filers)
Availability and limits for each category vary significantly by country and change from year to year. Confirm which deductions you're eligible for with Income Tax Department (Central Board of Direct Taxes) or a local advisor.