Budget 2022: No change in the Standard Deduction amount available to salaried individuals and pensioners

Budget 2022 has made no change in the Standard Deduction amount available to salaried individuals and pensioners. This would effectively mean that salaried individuals and pensioners (whose pension is taxed under the head salary) will continue to claim the same amount of standard deduction in the financial year 2022-23 as they did in financial year 2021-22. They can claim Rs 50,000 as standard deduction provided, they opt for the old tax regime in the financial year 2022-23.