Income tax relief? Govt looks to raise threshold, restructure slabs
Sunday, 26 January 2025 () The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to alleviate middle-class burden. Concessions for health insurance and pension, and benefits for home loans are being discussed. However, officials prefer maintaining the new tax regime without additional exemptions to avoid complexities resembling the old system.
As the Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman’s potential income tax relief for salaried taxpayers. Will there be changes to tax slabs or new exemptions for NPS? Stay tuned for updates on what could be a major relief for millions of working...
Trump insisted on replacing Income Tax with tariffs. He outlined this proposal at 2025 Republican Issues Conference (GOP House Dinner). Trump also asserted that the US had no income tax prior to 1913...
Ahead of Budget 2025, OneIndia hit the streets of Delhi and NCR to capture the voices of the common man. From salaried professionals to small business owners and students, everyone shares their hopes,..
Sunday, 26 January 2025 ()
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