Not just Section 80C deductions of up to Rs 1.50 lakh in a financial year, there are other options, using which you can bring your income tax liability to zero even in an annual salary package ... any ...

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize ...

Tax deductions help keep money in your pocket. When it’s time to file your return, there’s typically two ways to take them – the standard deduction, a single, fixed amount the IRS lets you ...

Taxpayers can reduce the amount they pay in taxes by taking deductions when filing their returns. There are two ways you can file: By taking the standard deduction or by itemizing your specific ...

You may have noticed in this chart that the standard deduction changes from one year to the next ... You file a tax return for a time period of less than 12 months due to a change in your annual ...

As per the chart, if we calculate the tax on income up to Rs 12 lakh ... Salaried class individuals also get a standard deduction of Rs 75,000 under Section 16(a). So, their taxable income becomes Rs ...

Estimate your refund or tax bill with NerdWallet's federal income tax calculator ... and Social Security benefits. Age Your standard deduction: $14,600 A fixed dollar amount based on your income ...

For instance, HRA benefits under Section 10(13A) come with specific conditions, especially for those claiming home loan interest deductions under Section 24B. Opt for the old regime if you have ...