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

New brochure by tax dept explaining income tax benefits for retired employees under both government and private sector ...

Tax planning is an essential part of managing your personal finances. By understanding and using the various deductions and ...

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

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

But in FY 2023–24, the standard deduction of Rs 50,000 was also allowed to the salaried taxpayers opting for the new regime. The limit has now been increased to Rs 75,000. Only salaried employees and ...

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 ...

North Carolina’s first-year teachers could have the highest salaries in the Southeast, if the state House’s budget plan ...

The state House’s budget bill would delay scheduled income tax cuts while giving state employees and teachers larger raises ...

I’m looking at this budget making some hard decisions and hard cuts, because that’s what governing is, and that’s what being ...

Under the House budget proposal, released Monday, most state workers would get at least a 2.5% raise over the next two years. Teachers would get an average 8.7% raise over that period.