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standard deduction

28 March, 2020, 11:37 PM IST

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STANDARD DEDUCTION

Comparison of new income tax regime with old tax regime

Based on an example, it is evident that maximum benefit in terms of tax savings that can be availed under the new regime (in case no investments are made) is Rs 75,000. The highest tax rate, i.e. 42.7%, will continue to be a major challenge for HNIs.

How to save tax without fresh investments in FY 2019-20

A taxpayer may be having liquidity issues and as such, not be in a position to make f...

New tax regime allows deduction of interest on home loan on rental property

In the new tax regime, there is good news for individuals who hav...

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