Union Budget 2023 impact of income tax on salary deduction. With the presentation of the Union budget for 2023, expectations among the salaried category are increasing. The rising cost of living and rising inflation are already putting pressure on people’s finances; now, recent layoffs in the tech sector have created even more cause for concern. As a result, more than 80 million taxpayers have had high hopes of a tax break through the government’s higher standard deductions. This tax deduction is a flat deduction available to employees to achieve parity among different…
Sunday, March 16, 2025
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