If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will ...

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

A standard deduction hike is one of those expectations The Union Budget 2025, the second full Modi 3.0 budget is set to be presented by Finance Minister Nirmala Sitharaman in Parliament at 11 am ...

Budget 2025: What is the standard deduction? It is a fixed amount of money deducted from amount automatically deducted from an individual's annual taxable income. Therefore, it reduces the overall tax ...

Among the most anticipated measures is an increase in the standard deduction, a tax break that provides relief to salaried individuals. Experts are pushing for a higher standard deduction ...

few taxpayers had enough mortgage interest to be significantly higher than the standard deduction," Crystal Stranger, senior tax director and CEO of Optic Tax in Boulder, Colo., said by email.

Prime Minister Narendra Modi’s statement on seeking Goddess Lakshmi’s blessings for the poor and the middle class has triggered hopes of Budget 2025 reducing individual taxpayers’ income tax ...

This budget is highly anticipated, with particular focus on potential changes to income tax structures and standard deductions that could impact salaried individuals and the middle class.

During her presentation of Modi Govt's 3.0 first full-fledged budget in July 2025, she introduced a marginal income tax relief for the middle class by raising the standard deduction by 50% to ...