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Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000

Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000

Finance Minister Nirmala Sitharaman said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked […]

The post Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000 appeared first on India Retailing.

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