Tue, February 4, 2025
[ Tue, Feb 04th ] - Fortune
Home News Tech Finance Leadership Well Education Fortune 500
[ Tue, Feb 04th ] - CNET
Will You Owe Taxes With the New IRS Rule for Venmo, PayPal and Cash App Payments?
[ Tue, Feb 04th ] - Forbes
Investors Urge EU To Keep Green Rules In Face Of Trump Turmoil
[ Tue, Feb 04th ] - Forbes
Future-Proofing Treasury: Three Key Strategies For Staying Ahead
[ Tue, Feb 04th ] - ABC
Treasury Dept. gives Elon Musk's team access to federal payment system: Sources
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[ Tue, Feb 04th ] - Forbes
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[ Tue, Feb 04th ] - Reuters
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[ Tue, Feb 04th ] - MSN
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[ Tue, Feb 04th ] - Reuters
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[ Tue, Feb 04th ] - MSN
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[ Tue, Feb 04th ] - Reuters
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[ Tue, Feb 04th ] - cryptonews
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[ Mon, Feb 03rd ] - BBC
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[ Mon, Feb 03rd ] - BBC
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[ Mon, Feb 03rd ] - ABC
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[ Mon, Feb 03rd ] - Fortune
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[ Mon, Feb 03rd ] - Reuters
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Trump's tariffs on Canada, Mexico, and China spark mixed reactions in New York
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Sun, February 2, 2025
[ Sun, Feb 02nd ] - Reuters
Asia automakers lead the decline as region takes a beating from Trump tariffs
[ Sun, Feb 02nd ] - NDTV
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[ Sun, Feb 02nd ] - Couriermail
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[ Sun, Feb 02nd ] - Reuters
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[ Sun, Feb 02nd ] - Mint
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[ Sun, Feb 02nd ] - NDTV
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Sat, February 1, 2025
[ Sat, Feb 01st ] - Mint
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[ Sat, Feb 01st ] - Reuters
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[ Sat, Feb 01st ] - cnbctv18
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[ Sat, Feb 01st ] - Mint
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[ Sat, Feb 01st ] - cnbctv18
Budget 2025: High-level panel to review non-financial sector regulations, Says FM
[ Sat, Feb 01st ] - AOL
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[ Sat, Feb 01st ] - Mint
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[ Sat, Feb 01st ] - Firstpost
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[ Sat, Feb 01st ] - Forbes
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[ Sat, Feb 01st ] - Firstpost
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[ Sat, Feb 01st ] - NDTV
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[ Sat, Feb 01st ] - Reuters
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[ Sat, Feb 01st ] - NDTV
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[ Sat, Feb 01st ] - MSN
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[ Sat, Feb 01st ] - Indiatimes
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[ Sat, Feb 01st ] - MSN
Union Budget 2025: Tax reforms announced by finance minister Nirmala Sitharaman; key points
[ Sat, Feb 01st ] - Firstpost
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[ Sat, Feb 01st ] - IPPMEDIA
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[ Sat, Feb 01st ] - NDTV
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[ Sat, Feb 01st ] - RepublicWorld
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[ Sat, Feb 01st ] - Reuters
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[ Sat, Feb 01st ] - MSN
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[ Sat, Feb 01st ] - Oneindia
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Fri, January 31, 2025
[ Fri, Jan 31st ] - Forbes
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[ Fri, Jan 31st ] - Bustle
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[ Fri, Jan 31st ] - Mint
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[ Fri, Jan 31st ] - Fortune
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[ Fri, Jan 31st ] - cfodive
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[ Fri, Jan 31st ] - Indiatimes
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[ Fri, Jan 31st ] - Investopedia
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[ Fri, Jan 31st ] - Forbes
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[ Fri, Jan 31st ] - MSN
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[ Fri, Jan 31st ] - Kiplinger
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[ Fri, Jan 31st ] - Reuters
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[ Fri, Jan 31st ] - Forbes
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[ Fri, Jan 31st ] - fintechmagazine
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[ Fri, Jan 31st ] - Oneindia
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[ Fri, Jan 31st ] - NDTV
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
[ Fri, Jan 31st ] - MSN
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[ Fri, Jan 31st ] - MSN
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[ Fri, Jan 31st ] - Reuters
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[ Fri, Jan 31st ] - Indiatimes
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[ Thu, Jan 30th ] - Forbes
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[ Thu, Jan 30th ] - Newsroom
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[ Thu, Jan 30th ] - Investopedia
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[ Thu, Jan 30th ] - decrypt
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[ Thu, Jan 30th ] - Forbes
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[ Thu, Jan 30th ] - NDTV
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[ Thu, Jan 30th ] - MSN
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[ Thu, Jan 30th ] - cnbctv18
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[ Wed, Jan 29th ] - Forbes
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Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers


//business-finance.news-articles.net/content/202 .. ard-deduction-and-how-it-benefits-taxpayers.html
Published in Business and Finance on Friday, January 31st 2025 at 4:40 GMT by NDTV   Print publication without navigation

  • With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.

The article from NDTV discusses the concept of standard deduction in the context of the Indian Union Budget 2025. Standard deduction is a fixed amount that salaried individuals can claim as a deduction from their taxable income, simplifying the tax filing process by eliminating the need for detailed expense documentation. Currently set at Rs 50,000, this deduction helps reduce the taxable income of employees, thereby lowering their tax liability. The article explains how this deduction benefits taxpayers by providing a straightforward tax relief mechanism, especially beneficial for those with lower incomes or those who do not have significant expenses to claim. It also touches upon the potential adjustments to this amount in the upcoming budget, considering inflation and changes in economic conditions, which could further influence taxpayers' financial planning.

Read the Full NDTV Article at:
[ https://www.ndtv.com/business-news/budget-2025-what-is-standard-deduction-and-how-it-benefits-taxpayers-7595408 ]

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