Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Under the old tax regime a standard deduction of Rs 50,000 is available for the salaried class, on the other hand, under the ...

Recent changes in tax law have made it less financially beneficial to donate to charity, putting the donations that ...

With the rising cost of living and inflationary pressures, taxpayers, especially the salaried class, are expecting increased ...

The central government has been modifying the New Tax Regime in the last few Budgets by including certain deductions and ...

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

Giving has grown by about 42% since 2003, according to the annual Giving USA report – which our team at the Indiana ...

In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...