Friday, March 29th, 2024

Tag: standard deduction

6 types of exemption can be taken in New Tax Regime, keep in mind while filing return, understand tax saving fund

Highlights: For standard deduction, a taxpayer can claim up to Rs 50,000. Under the new tax regime, the basic exemption limit has been increased to Rs 3 lakh. There is no exemption for investing...

You can take advantage of many exemptions even in the new tax regime, do not make mistakes while filing returns, thousands of rupees will be saved

Highlights: Taxpayers can take advantage of standard deduction. The highest surcharge rate has been reduced from 37% to 25%. The tax exemption limit on leave encashment has been increased. New Delhi. The government has...

Pensioners got this tax exemption for the first time, now they can save 15 thousand rupees annually

Highlights: Standard deduction was again implemented in the year 2018 budget. This deduction is already being given to the salaried and pensioners. It has also been implemented for family pensioners in Budget 2023. New...

Income Tax: Tax will not be applicable on earning up to Rs 7.5 lakh, this exemption was given for the first time in the budget

Highlights: Now no tax will have to be paid on earning up to Rs 7 lakh. Under the new system, you can also take advantage of standard tax deduction. People will also get the...

Complete preparation to give relief to the middle class in the budget

Budget 2023: In the last full budget of the second term of the Narendra Modi government, the Finance Ministry is considering proposals to benefit the middle class. Finance Minister Nirmala Sitharaman will present the...

Budget 2023: What is standard deduction? Who gets the benefit of this

Photo: CANVA Did you know these important things related to standard deduction? learn here Standard deduction: Now only a few days are left for the budget to come, let us tell you that on...