2025 Tax Brackets And Standard Deduction Over 65. The finance bill 2025 introduces notable changes in personal taxation, with a revised tax structure under section 115bac for those opting for the new tax. Nil tax slab will apply for annual income up to ₹ 12 lakh ( ₹ 12.75 lakh for salaried taxpayers with a standard deduction of ₹ 75,000) under the new tax regime.
In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and. The 2025 standard deduction increases by $400 for single filers and by $800 for joint filers.
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