Latest News on Standard Deduction
Showing of 0 - 10 from 7 results
Standard Deduction - Total results - 7
Feb 08, 2019
Rationalise regime of standard deduction for salaried class; keep highly paid CEOs out of this facilityStandard deduction for the salaried class in its new avatar is one-size-fits-all — it is the same for both the CEO of a company and his lowly minion at the bottom of the heap.
Feb 07, 2019
From tax rebate to hike in standard deductions: Salaried, middle-class get avenues to save moreWith the intent of reducing tax burden on the middle-class and salaried individuals, the finance minister proposed a number of tax benefits.
Jul 24, 2018
Finance Act 2018: A look at how recent changes impact personal tax planning for the ongoing financial yearNet tax savings for a majority of all salaried individuals, on account of the changes listed in the Finance Act, 2018, has left a lot to be desired.
Mar 30, 2018
Long-term capital gains tax, other Budget proposals to kick in on 1 AprilOther tax proposals like the reduced corporate tax of 25 percent on businesses logging a turnover of up to Rs 250 crore will come into effect from 1 April.
Feb 01, 2018
Budget 2018: From standard deduction to health and education cess, how Arun Jaitley changed your money lifeThis standard deduction given in budget was in lieu of exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses
Jan 31, 2018
Budget 2018: Will Arun Jaitley offer a surprise income tax cut to salaried employees?In the upcoming budget, the overall exemption limit available to salaried employees under various sections of Income Tax Act needs a re-look to broaden the scope for savings
Jan 09, 2018
More tax breaks for middle class likely in Budget as finance ministry mulling hike in exemption limitIn the last Budget, Finance Minister Arun Jaitley left the slabs unchanged but gave marginal relief to small tax payer by reducing the rate from 10 percent to 5 percent for individuals having annual income between Rs 2.5-5 lakh.