Standard Deduction
(Search results - 2)BusinessMar 20, 2024, 9:50 AM IST
Simplified: Exemptions under the new income tax regime
The government offers taxpayers a choice between the traditional old regime, which includes numerous deductions and exemptions, and the new regime with simplified structures and lower tax rates.
IndiaFeb 1, 2019, 7:24 PM IST
Budget 2019: Not Rs 5 lakh, you won't have to pay tax even if you earn Rs 7.85 lakh
After the announcements in Budget 2019, an individual earning up to Rs 7.85 lakh per year can end up not paying any tax, provided he invests in various instruments. He can save a tax of Rs 15,080.