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In the latest Union Budget, what is the amount of the standard deduction allowed for salaried individuals?

1. ₹75,000
2. ₹60,000
3. ₹50,000
4. ₹80,000

Correct answer: ₹75,000

Solution

The latest Union Budget increased the standard deduction for salaried individuals to ₹75,000. This is the amount allowed as a flat deduction from salary income under the revised tax regime provisions.

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