Currently, salaried persons and pensioners can claim a standard deduction of Rs 75,000 from salary and pension income, respectively, under the new tax regime. A family pensioner can avail benefit of ...

The level of treatment required to remove contamination from the LBMs after harvesting depends on this classification. If contamination levels are consistently so high that a class C cannot be ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Standard deduction is a flat amount which is automatically deducted from an individual's annual income. This reduces the total taxable income and therefore, lowers the tax liability.

In Budget 2025, Finance Minister Nirmala Sitharaman maintained the standard deduction benefit for salaried individuals and pensioners under both the old and new tax regimes. Despite speculation that ...

Highlights: Union Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class ...

Budget 2025: What is the standard deduction? It is a fixed amount of money deducted from amount automatically deducted from an individual's annual taxable income. Therefore, it reduces the overall tax ...

Over 7 crore income tax returns have been filed till 7 pm on Wednesday -- the last day for filing ITRs for income earned in 2023-24 fiscal. "More than 7 crore ITRs have been filed so far (31st July), ...

India Union Budget 2025-26 LIVE Updates: Indian Finance Minister Nirmala Sitharaman today (Saturday, Feb 1) presented the ...

Income Tax 2025: Nirmala Sitharaman’s 2025 ... higher exemptions in the new structure has been designed to stimulate household consumption, savings, and investments. Old Tax Regime: Offers ...

Discover the latest dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, ...