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 ...

The National Pension System (NPS) deduction on employers' contribution to employees' basic salary has been raised from 10 per cent to 14 per cent. This will apply to public sector companies ...