For the financial year 2023-24, the standard deduction allowed is Rs 50,000. Salaried class and pensioners other than business owners are allowed to claim standard deduction and the provision ...

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

Budget 2025: FM Nirmala Sitharaman is gearing up to present the Union Budget 2025 on February 1, 2025, six months after unveiling the full budget of the Modi 3.0 regime. Taxpayers are eagerly ...

Finance Minister Nirmala Sitharaman has announced an increase in the standard deduction for salaried employees by ₹25,000 in the new tax regime while presenting Budget 2024-25 in the Lok Sabha ...