For FY 2025-26 (AY 2024-25) Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this rebate is not allowed on short term capital gains income under new tax regime. However, a drafting error in standard deduction limited it to Rs 50,000 instead of Rs 75,000 as announced in Budget 2025. This drafting error is now fixed.