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The salaried individuals and pensioners can claim a certain amount under standard deduction under Income Tax Act, by default without any investment or spending of money by the taxpayers. The provision was taken down for a number of years and was re-introduced during the Budget announcement in 2018. With effect from FY 2024-25, under the new tax regime , the standard deduction is increased to Rs.75,000 , while salaried taxpayers are eligible for the standard deduction of only Rs.50,000 under the old regime.
Which of the following has been identified in the Economic Survey 2023-24 as a key challenge faced by Micro, Small, and Medium Enterprises (MSMEs) in In...
What is the name of the scheme launched by SBI offering 7.25% interest on 444-day deposits?
Which Indian bank established a wholly-owned subsidiary named NPCI-BHIM Services Ltd to strengthen its digital payment infrastructure?
Which financial platform did NPCI establish to handle bill payment transactions?
What is the allocation for agriculture and allied sectors in the Union Budget 2024-2025?
Gati Shakti Vishwavidyalaya (GSV) recently collaborated with which company for aerospace teaching and research?
Which Indian state is set to host India's first transshipment port?
Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. Up to what age can an individual avail the benefits of PM...
As per Economic Survey 2023-24, which village in Leh received its first tap water connection under the Jal Jeevan Mission in July 2022?
Which award did Rohit Sharma win at the 26th CEAT Cricket Awards?