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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
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 ...
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.
Both college students and their parents can take advantage of tax breaks that could save thousands of dollars on tuition, fees, books and supplies. Taxes 2023: Credits, deductions and tax breaks ...
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.
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.
In the Indian education system of some Indian states, the pre-university course (PUC) or pre-degree course (PDC) is referred to as intermediate or +2 course, which is a two-year senior secondary education course that succeeds the tenth grade (known as SSLC or SSC in such states, equivalent to sophomore in the US system) and precedes to the completion of a Senior Secondary Course.
This colorful collection from the incomparable Rachael Ray covers all bases and comes with a sheet tray, four lids, three cooking utensils, a stock pot, two sauce pans, two skillets and one sauté ...