75000 standard deduction

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

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- 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*

1. ₹75,000 Standard Deduction on Pension Income

No, you cannot claim the ₹75,000 standard deduction if the pension is from a private pension fund. This deduction applies only to employer-provided pensions (taxed under "Salaries"). Any other pension is taxed under "Income from Other Sources," where this deduction is not available.

2. LTCG Exemption: Property & Capital Gain Bonds

Yes, you can split the LTCG investment for full exemption:

• 
  Section 54: Invest in a new residential property → exemption on that amount.
• 
  Section 54EC: Invest up to ₹50L in capital gain bonds (PFC, REC, IRFC, etc.) → exemption on that portion.

Example (₹2 Cr LTCG):
✅ ₹1.5 Cr in property → Exempt under Section 54
✅ ₹50L in 54EC bonds → Exempt under Section 54EC
➡️ Total exemption: ₹2 Cr

For detailed, personalized advice, consider a phone consultancy. Hope you find the information helpful. You are free to contact me for further discussion. If you could spare two minutes of your time to write a review, it would be greatly appreciated and bring immense happiness to read it. Thank you. Shubham Goyal.

Dear Sir,

As per the Income Tax provisions, a standard deduction of ₹75,000 is available for pension income received by individuals, provided the pension is taxable under the head "Income from Salary."

However, in the case where the pension is received from a pension fund, it is not treated as salary income.

Therefore, the standard deduction of ₹75,000 does not apply directly to such pension income. The taxability and deductions available would depend on the specific nature of the pension received.

Dear Sir,

I hope this message finds you well.

In accordance with the provisions of the Income Tax Act, the benefit of a standard deduction of Rs. 75,000 is available to salaried employees. Therefore, this deduction is not applicable in your case.

Should you have any further queries, please feel free to reach out.

Regards

Karishma Chhajer