75000 standard deduction

Pension from such fund would not be considered as family pension or salary hence no standard deduction would be available.

Hope you find the above information helpful, if yes please rate it 5.

Thanks

- Rs.75k deduction is available under the head Salaries after opting new regime

- Pension received from other than the employer is taxable under the head income from other sources. Expenses incurred to earn pension are allowed as an expense from the pension income

For detailed discussion you may opt for phone consultation

No, you cannot. As it is available for Income from pension of salary income 

Let me explain this in simple terms:

For the tax year 2025-26:

1. The Rs. 75,000 standard deduction is only available for:

   • Regular salary income
   • Pension received from your former employer

2. In your case:

   • You want to invest in a pension fund now
   • The pension you'll receive from this fund will be considered as "Income from Other Sources"
   • It's not a pension from an employer
   • Therefore, you cannot claim the Rs. 75,000 standard deduction on this pension income
     
     *For detailed discussion you may opt for phone consultation*