Income Tax Update: Govt Raises Standard Deduction to ₹75,000 Under New Regime
– Advertisement – The government has amended the Income Tax Act, 1961 to clarify the position regarding the standard deduction of Rs 75,000 in the new regime. The government had announced in the Union Budget 2024 to increase the standard deduction from Rs 50,000 to Rs 75,000 in the new regime. This clarification has also […]
CBDT issued circular: For TDS deduction in 2023-24, salaried taxpayers will have to choose option in new or old tax regime
Income Tax Regime: The financial year 2023-24 has started. Employers are going to seek information from their employees whether they will adopt the new income tax regime or the old tax regime. In such a situation, CBDT has issued a circular regarding the modalities of TDS deduction in 2023-24, in which it has been said […]
Pensioners Standard Deduction: Good news! Pensioners got this tax exemption for the first time
Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) has presented the budget (Budget 2023). The common man has been taken full care of in this budget. The Finance Minister has taken care of everything from job professionals to farmers and women in the budget. Along with this, the government has also provided relief to the pensioners. […]
Standard Deduction Relief: The decision is done! This time no Income Tax, Finance Minister will give relief to salaried clauses
Standard Deduction Relief: Due to the Corona epidemic, the salaried class could not get any relief in the general budget of 2022-23. This time, a lot of expectations are being made from Finance Minister Nirmala Sitharaman in the budget of 2023-24. The reason for this is also that this is the last full budget of […]
SBI Children FD: Open this special FD account for your children in SBI, will get the benefit of tax deduction
If you want to make your child’s future golden, then State Bank SBI is running a special scheme. This scheme is deposited in Fixed Deposit. Its name is SBI Child Plan Fixed Deposit. This plan is made in such a way that the future of the child can be secured. One gets the benefit of […]
