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2. New Tax Regime - Wikipedia

   en.wikipedia.org/wiki/New_Tax_Regime

   As per an analysis by the Revenue Department, 91.7% of tax filers (about 5.3 crore out of 5.78 crore tax filers) claimed a cumulative deduction (Sec 80 (C) + Sec 80 (D) + NPS + Loan Interest Repayment + Standard Deduction + others) of less than ₹2 lakh and less than 1 per cent of all tax filers (nearly 3.7 lakh) claimed deductions of over Rs ...

3. National Pension System - Wikipedia

   en.wikipedia.org/wiki/National_Pension_System

   Any individual who is a subscriber of NPS can claim tax benefit for Tier-I account under Sec 80 CCD (1) within the overall ceiling of ₹1.5 lakhs under Sec 80 C of Income Tax Act. 1961. [12] An additional deduction for investment up to ₹50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B).

4. 2024 Union budget of India - Wikipedia

   en.wikipedia.org/wiki/2024_Union_budget_of_India

   The capital gains tax structure has also undergone changes: Short-Term Capital Gains (STCG): The tax rate on short-term capital gains from shares, mutual funds, and real estate has been increased from 15% to 20%. [9] Long-Term Capital Gains (LTCG): The tax rate on long-term capital gains has been set at 12.5%. Additionally, the exemption limit ...

5. Taxes 2023: Which Credits and Deductions Apply to You? - AOL

   www.aol.com/taxes-2023-credits-deductions-apply...

   Tax credits and deductions were already confusing many of us before all of this year's substantial changes. Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3...

6. The Best Tax Deductions and Tax Breaks for 2023-2024 - AOL

   www.aol.com/finance/most-americans-think-taking...

   Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available. The Best Tax Deductions and Tax Breaks for 2023-2024

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

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

   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

8. Income tax in India - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_India

   The New Tax Regime was announced for individuals & HUF in Budget 2020 and became effective from financial year 2020-21. According to it, individuals can opt for reduced tax rates with no option for claiming exemptions & deductions. Currently, Indian taxpayers can choose between the old tax regime and the new tax regime. [12]

9. Taxes 2023: Here are the biggest tax changes this year - AOL

   www.aol.com/finance/taxes-2023-biggest-tax...

   The deduction — which was enacted under Section 419 of the Tax Relief and Health Care Act of 2006 and extended annually — was not renewed for the 2022 tax year and is no longer available to be ...