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A standard deduction is a fixed amount subtracted from your gross salary to reduce your taxable income. It is designed to provide relief to taxpayers by simplifying the process of claiming deductions. Instead of itemizing multiple expenses, individuals can claim this single deduction.
Smriti Mandhana solidified her place in the upper echelons of international cricket, claiming second position in both the ICC T20I and ODI batting rankings, which were revealed on Tuesday. Mandhana, having moved up a rank in the T20I standings, retained her spot at second in the ODI rankings, following a series of brilliant displays against the West Indies in both formats.
A passenger plane from Azerbaijan Airlines, an Embraer 190 with registration number 4K-AZ65, crashed near Aktau city in Kazakhstan after encountering severe technical difficulties. The plane, operating as flight J2-8243, was en route from Baku, Azerbaijan, to Grozny, Russia, but was rerouted to Aktau due to fog at its original destination.
For individual sellers who are not registered under GST, this change does not apply. This means private sales between individuals remain outside the purview of the revised GST rate. However, for businesses dealing in pre-owned vehicles, the adjustment is expected to impact pricing and potentially alter market dynamics.
Fastest Ball in Cricket: The Legends Behind the Speed… The thrill of watching a bowler charge in and deliver a ball at lightning speed is
Understanding Business Loan for Startup in India:
Types of Government Loan Schemes for Startups:
There are several government loan schemes tailored specifically for business loans for startup in India. Some of the most popular ones include:
1. Pradhan Mantri Mudra Yojana (PMMY)
Launched in 2015, …….
This deduction is available for both preventive and curative medical expenses.
Self and family: Taxpayers below 60 years of age can claim a deduction of up to ₹25,000 for medical expenses incurred for themselves and their family members.
Parents: In addition to the above deduction, taxpayers can also claim a deduction of up to ₹25,000 for medical expenses incurred for their parents.
Section 80C of the Income Tax Act, 1961 is a popular section that allows taxpayers to claim deductions from their taxable income. Under this section, taxpayers can claim deductions for investments made in various financial instruments and schemes. The maximum deduction allowed under Section 80C is ₹1.5 lakhs per financial year.
In the rapidly evolving landscape of digital marketing, staying ahead of the curve requires leveraging the best tools available. 2024 brings a wealth of innovative
