The standard deduction was reintroduced in Budget 2018 at Rs 40,000 by then Finance Minister Arun Jaitley, replacing ...

No one ever accused Donald Trump of knowing much about the economy. That fact comes through loud and clear in his tax cut ...

People, specifically the salaried class ... effect from assessment year 2021-22 (FY21), there are no deductions available except for standard deduction of ₹50,000 from salary income under ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...

The salaried class exemplifies this disparity ... India currently allows a standard deduction of INR 50,000 under the old tax regime and INR 75,000 under the new regime. Pakistan could implement ...

Taxpayers in India can choose between two different regimes while filing their income tax returns --- each with a corresponding set of exemptions and benefits.

With current cost of living demands, the inflation hangover of the COVID-19 era and the ongoing economic uncertainty ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

For instance, single taxpayers earning $50,000 would reduce their taxable income to $34,000 for the 2025 tax year under the proposed standard deduction ... for interest paid on vehicle loans.

Nearly 2 out of every 3 professionals could've saved taxes through legal strategies. 1 Finance research shows that tax-saving ...

House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and ...