There are two methods for computing deductible expenses related to a vehicle. Actual costs or standard mileage allowance.

The Government says the change, being introduced from Wednesday, will help to ensure that people on the lowest incomes can ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

Other commonly available deductions internationally for salaried class include those for house rent, mortgage interest, life ...

The highest tax rate of 30 percent kicks in when annual income is more than ₹15 lakh in the new tax regime. Additionally, tax ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

The DWP and other third parties can deduct 25% of someone's Universal Credit standard allowance payment to recover any debts someone may have. But this is set to change ...

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

The Investment Declaration form needs to be submitted at the start of the financial year so that the Tax Deduction at Source ...

"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

Confirmed by Labour Chancellor Rachel Reeves in the Autumn Budget last year, the maximum deductions from the standard ...