Definition
What is Standard Deduction?
The standard deduction is a flat amount subtracted from your taxable income without needing any proof. India (new regime): ₹75,000 for salaried. US: $15,750 single / $31,500 MFJ (TY 2026). UK: built into the Personal Allowance. Dramatically simpler than itemising, and the default for most filers.
Calculators