This section would allow companies to regularise and avail the ‘excess’ tax leading to regular tax liability. Section 115 BAA describes the corporate tax rate released on September 20 2019, under the ...

Here, we list some of the common deductions allowed under the old tax regime. Please note that these exemptions are allowed only under the old tax regime. 1. Section 80C investments: Investment ...

4.Deduction under 80JJAA: Section 80JJAA of the Income Tax Act allows eligible business entities to claim a deduction for bringing new employees on board. A deduction of 30 percent of the ...

In this case, you may be able to deduct an additional 20% of your rental income using the qualified business income deduction that was created by the Tax Cuts and Jobs Act of 2017. The bar to ...

Members of the Chautauqua Lake/Westfield/Panama/Clymer wrestling team pose for a team photo after winning the Section VI Division II dual meet championship Saturday ...

Above that income, you pay the top tax rate, 37%. People over 65 qualify for an additional standard deduction. For 2024, it’s $1,950 if you are single or filing as a head of household ...

These deductions are available under the old ... regime as well. Section 80TTA of the Income Tax Act, 1961, allows a deduction of up to Rs 10,000 on interest income earned from savings accounts ...

With limited sources of income, senior citizens often rely on pensions, which act as a crucial ... who can benefit from the various deductions available under the old tax regime, she added.

Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our ...