Yes, the Finance Minister has made changes in standard deduction for salaried taxpayers by increasing tax exemption limit from Rs 40000 to Rs 50000.

Standard deduction of Rs 40000 was introduced in Budget 2018-19 replacing the transport allowance of Rs 19200 and medical allowance of Rs 15000. Standard deduction works very well for salaried taxpayers since they don’t need to maintain proof of expenses thereby reducing paperwork.