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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. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    80U – Certified-disability deduction (₹ 75,000; ₹ 125,000 for a severe disability) §87A – Rebate (up to ₹ 12,500) for individuals with income up to ₹ 5,00,000; 80RRB – Certified royalties on a patent registered on or after 1 April 2003, up to ₹ 300,000 §80QQB – Certified book royalties (except textbooks), up to ₹ 300,000

  4. Public Provident Fund (India) - Wikipedia

    en.wikipedia.org/wiki/Public_Provident_Fund_(India)

    The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...

  5. Retirees Often Overlook These 11 Tax Deductions - AOL

    www.aol.com/retirees-often-overlook-11-tax...

    These 11 tax deductions are just a few examples that could help senior citizens put more of their income toward enjoying their retirement. Of course, everyone’s tax situation is unique.

  6. Employees' Provident Fund Organisation - Wikipedia

    en.wikipedia.org/wiki/Employees'_Provident_Fund...

    The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952

  7. How all 50 states tax retirement income: A comprehensive list ...

    www.aol.com/finance/states-that-tax-retirement...

    The state offers a $30,000 pension income deduction that applies to most forms of retirement income, but retirees must subtract their exempt Social Security benefits from that deduction before ...

  8. End of Trump tax cuts would see 62% pay more—how ... - AOL

    www.aol.com/finance/end-trump-tax-cuts-see...

    The lifetime exemption was essentially doubled under the TCJA, and in 2024 is $13.61 million for individuals and $27.22 million for couples (in 2025, it will be $13.99 million and $27.98 million ...

  9. Tax exemption - Wikipedia

    en.wikipedia.org/wiki/Tax_exemption

    Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion. Tax exemption also refers to removal from taxation of a particular item rather than a deduction. International duty free shopping may be termed "tax-free shopping". In ...