Finance Minister Nirmala Sitharaman has made a big announcement regarding income tax. She has made income up to Rs 12 lakh tax-free. At the same time, the standard deduction has been kept at Rs 75,000 ...
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The Union Budget 2024 increased the standard deduction from Rs 50,000 to Rs 75,000 under the new tax regime, simplifying tax filing for salaried employees and pensioners. This deduction helps reduce ...
Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...
If you're a salaried employee, you could be saving up to Rs 96,000 in tax annually, all thanks to the NPS and standard ...
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...
Overall feedback has been positive since the bills have been enacted, according to the Louisiana Tax Institute in Tuesday’s meeting. The income tax reduction is very popular, and it recognized ...
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key changes to the income tax ...
The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
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