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Standard deduction News

16 Sep 2024

100 Days Of Modi 3.0: ITR Exemption Limit To Rs 7L, Hike In Standard Deduction

In the first 100 days of Modi 3.0, the government has also revised rank-wise pensions under the One Rank One Pension (OROP) scheme for retirees from the Army, Navy, Air Force and other defence units, as well as for family pensioners, effective July 1, 2024.

25 Jul 2024

Tax Rates, Std Deduction To TDS --New Budget Rules Effective From THESE Dates

Let's have a look at the various income tax adjustments announced by Finance Nirmala Sitharaman in her Budget 2024 speech and their effective dates.

24 Jul 2024

New Incentives For Taxpayers For Filing ITR Under New Tax Regime After Budget

The budget has also tweaked tax slabs and tax rates in favor of taxpayers and pensioners who opt for the new tax regime.

24 Jul 2024

Budget 2024: Here's How New Capital Gain Proposal Helps Investors Save Tax

As Finance Minister Nirmala Sitharaman's proposal sparks debate, Revenue Secretary Sanjay Malhotra during a media interaction explained how it is beneficial to investors.

24 Jul 2024

Rebate Under Section 87A Decreases By Rs 5K: Understanding The Math

After the revised tax structure under the New Tax Regime, the refund received has been decreased by Rs 5,000 due to latest proposed tax slabs. Continue reading to find out how the change in tax slab has affected your rebate.

24 Jul 2024

Has The Budget Failed To Address Concerns Of Middle-Class? Explained

Budget 2024: There has been no revision in the tax rate in the old tax regime, section 80C benefits have remained at the same level for the last 10 years and people know that the new tax regime is like an eyewash.

23 Jul 2024

Budget 2024: From New Tax Rate Structure, Standard Deduction To NPS| 10 Points

Here are 10 Key Highlights of Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.

23 Jul 2024

Budget 2024: Big Boost To Taxpayers, Standard Deduction Increased To Rs 75K

In a massive boost for lakhs of taxpayers, FM Nirmala Sitharaman on Tuesday said that for those opting for new tax regime, FM has announced to increase the standard deduction from Rs 50,000 to Rs 75,000.

Interim Budget 2024

25 Jan 2024

Allow Deductions Under New Tax Regime To Increase Acceptance In Salaried Class

Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .

standard deduction

06 Apr 2018

Taxpayers receiving pension from ex employers eligible for standard deduction

Rs 40,000 standard deduction for salaried employees and pensioners was introduced in lieu of the exemption in respect of transport and medical expenses.

30 Mar 2018

10 key Income Tax rules will change from April 1 – All you should know

Know how the change in Income Tax rules will impact you.

21 Feb 2018

Key tax changes that will come into effect from April 1 – All you should know

Check out 10 key tax changes that will come into effect from April 1

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