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 […]
Retirement Age Hike: Govt Raises Retirement Age for Employees by Three Years, Minister Confirms
– Advertisement – The Punjab government has decided to increase the retirement age for medical officers/specialist doctors and dental faculty governed by the Punjab Dental Education (Group-A) Service Rules, 2016, from 62 to 65 years. Increase in retirement age Announcing this on Tuesday, Punjab Finance Minister Harpal Singh Cheema said that the Finance Department has […]
