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  2. New Tax Regime - Wikipedia

    en.wikipedia.org/wiki/New_Tax_Regime

    Under the Old Tax Regime, individuals earning up to ₹5 lakh were exempt from paying income tax. There is an increase in the rebate limit by ₹2 lakh within the framework of the New Tax Regime. This would effectively exempt individuals with incomes up to ₹7 lakh from any tax obligations under the new system.

  3. National Pension System - Wikipedia

    en.wikipedia.org/wiki/National_Pension_System

    The benefit under Section 80C, Section 80CCC and Section 80CCD(1) is capped at ₹1,50,000 as per 80CCE. Additional investment of up to ₹50,000 under Section 80CCD(1B). This is over and above tax benefit under Section 80C; and is exclusive to NPS. [49] Employer co-contribution up to 10% of basic and DA under Section 80CCD(2) in the Old Tax ...

  4. Indian tax forms - Wikipedia

    en.wikipedia.org/wiki/Indian_tax_forms

    Checking details related to salary, deductions, education cess etc. Checking deductions under 80C, 80CCC, and 80CCD; In case of discrepancies bringing them to the notice of the employer and getting them corrected; Keeping Form 16 safely as proof for the details filled in while filing income tax returns

  5. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

    www.aol.com/finance/10-tax-deductions-know-2023...

    You can claim a deduction for medical and dental expenses that are greater than 7.5% of your adjusted gross income if you itemize deductions. Qualifying expenses include payments to doctors and ...

  6. 5 Tax Deductions That Could Bring In an Extra $1,000 On This ...

    www.aol.com/5-tax-deductions-could-bring...

    For premium support please call: 800-290-4726 more ways to reach us

  7. Taxpayers will get higher standard deductions in 2025, IRS ...

    www.aol.com/taxpayers-higher-standard-deductions...

    For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024.

  8. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    A belated return, under §139(4), may be filed before the end of the assessment year. A revised return, under §139(5), may be filed for a normal or belated return by the end of the assessment year. An assessing officer may flag a defective return under §139(9). Defects must be rectified by the taxpayer within 15 days of notification.

  9. Today's Wordle Hint, Answer for #1260 on Saturday, November ...

    www.aol.com/todays-wordle-hint-answer-1260...

    Hints and the solution for today's Wordle on Saturday, November 30.