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

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

The standard deduction allows taxpayers to reduce taxable income without proof. Introduced in 1974 and abolished in 2005, it ...

FM Nirmala Sitharaman may announce income tax relief for salaried individuals, including higher exemption limits.

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

Every year, millions of American taxpayers must choose whether to take the standard deduction the Internal Revenue Service (IRS) offers or to claim itemized deductions to maximize tax savings.

The standard deduction is another key area influenced by inflation ... For instance, if you expect a modest salary increase, consider how inflation-adjusted brackets and deductions might affect your ...

In terms of yearly salary, Ronaldo's contract with Al Nassr is the richest in sports history. While Lionel Messi's previous deal with PSG originally saw him earn more money over time than ...

Old regime offers a standard deduction of Rs 50,000 for salaried taxpayers and New regime offers a revised standard deduction of Rs. 75,000 for salaried taxpayers. While the new regime has its ...

The CG SI and Subedar salary includes the perks and allowances such as HRA, DA, PF and standard deductions. CGPSC conducts the examination to recruit eligible candidates for Sub Inspector and ...

Standard deduction from salary income does not require any proof. Hence, the employee is not required to submit proof for the same." Deductions that taxpayers can claim under new tax regime Employees ...