What is standard deduction for salary, pension income post Budget 2025?
“Finance Minister Nirmala Sitharaman, in Budget 2025, retained the standard deduction benefit for salaried individuals and ...
How does the mortgage interest tax deduction work? Experts explain
"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...
Student Loan Forgiveness Is In Limbo But Could The Interest Deduction Vanish, Too?
Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction ...
Budget 2025: What standard deduction really is & how it impacts salaried class, pensioners
What is the standard deduction? It is a fixed amount of money deducted from amount automatically deducted from an ...
Hindustan Times on MSN1 天
What is standard deduction in income tax and who is eligible?
The Budget 2025 is expected to feature some tax reforms potentially taking place as inflation is rising. A standard deduction hike is one of those expectations ...
No tax on tips? Tax deduction for gambling losses? NC lawmakers return with new ideas
Rep. Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed ...
ABP Live on MSN1 天
What Is Standard Deduction Benefit In New Tax Regime That Helps Raise Income Tax Slab?
Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...
Has Section 80C deduction limit hiked? Check how much tax you can save after Union Budget 2025
No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax ...
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations ...
Tax Guru3 天
Deduction towards leave encashment fund admissible only when it is actually paid
Himachal High Court held that as per section 43-B of the Income Tax Act deduction towards contribution to leave encashment ...
Budget 2025: Limit For Tax Deduction On Interest For Senior Citizens Doubled From Rs 50,000 ...
Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number of ...
Will Budget 2025 raise the basic exemption limit, standard deduction under the new tax regime?
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...