She holds a master’s degree from Arizona State University. damircudic / Getty Images The standard tax deduction is a fixed amount that taxpayers can subtract from their income to lower their ...

Non-Compete Agreements are contracts, typically formed in employment or business purchase contexts, where one party agrees to refrain from engaging in a particular line of work or pursuing ...

it also provides significant tax advantages under the Income Tax Act, 1961. 1) Employee’s contribution (Deduction under Section 80C) Employees contribute 12% of their basic salary and dearness ...

Warangal: Greater Warangal Municipal Corporation (GWMC) officials seized Jaya Nursing College in Hanamkonda for defaulting on property tax payment worth Rs 44 lakh due for the past three years. Deputy ...

India’s Finance Minister, Nirmala Sitharaman, has introduced several reforms and updates to the existing tax system through the Union Budget 2024. Among the key changes are the new Tax Deducted at ...

DEDUCTIONS IN INCOME FROM OTHER SOURCES: A guide to section 57 of Income Tax Act, 1961. Deductions under the head “Income from Other Sources” often remain an unchartered territory from many taxpayers.

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways.

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize ...

Federal income taxes on individuals can be reduced by certain tax deductions, notably for mortgage interest. Tax credits such as the Earned Income Tax Credit provide benefits to specific groups of ...

This is good news for holidaymakers who like to visit the tourist municipality. Indeed, a visitor to Puerto De Mogán, a fishing village in Mogán, called the place "a little gem". A second holidaymaker ...

Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...

What is Section 80D tax deduction? If you purchased a health insurance policy or paid the renewal premium in FY 2024-25 (AY 2025-26) then you can claim tax deduction under Section 80D. You need to ...