New Tax Deductions 2024. 25,000 for the amount paid towards health insurance premiums for himself/herself,. 01 mar, 2024 07:09 pm.
Filing began nearly a month ago, and the final deadline looms on april 15. Here’s how those break out by filing status:
Standard Deduction Of Rs 50,000 Introduced Under The New Tax Regime For Salaried And Pensioners.
Taxpayers who are 65 and older, or are blind, are eligible for an additional.
Family Pensioners Can Also Claim Standard Deduction Of Rs 15,000 Under The.
New york is another state that has reduced tax rates for some income groups:
25,000 For The Amount Paid Towards Health Insurance Premiums For Himself/Herself,.
Deductions available under the revised new tax regime:
Images References :
Because Of The Progress The Government Has Made, The Economy Is Beginning To Turn A Corner And The Government Has Been Able To Afford Tax Cuts For.
The existing child tax credit is worth up to $2,000 for each qualifying dependent under 17, but it is reduced for married filers once their income exceeds.
Section 194P Is Applicable From 1St April 2021.
Last update march 10, 2024.
Family Pensioners Can Also Claim Standard Deduction Of Rs 15,000 Under The.
Individuals and hufs can opt for the old tax regime or the new tax regime with lower rate of taxation (u/s 115 bac of the income tax act) the.