In short, a tax deduction reduces the amount of income on which you are taxed ... Q3," Page, Summary. U.S. Department of Education, Federal Student Aid. "Repaying Student Loans 101." ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...
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