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Source: Live Mint “Is the 30% hike on your in-hand salary?” the father asked. “It’s on the CTC. Increase in take-home can’t be too off-the-mark,” Sanjay replied. “Well, it depends on how the CTC is structured. How many components does it have?” “About ten. Five of these are new if I compare them to my…
Source: Live Mint In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin. Effective tax planning allows salaried employees to optimise their post-tax earnings. A crucial aspect of tax planning for middle class salaried employees is leveraging deductions and exemptions within legal guidelines, defer taxes and take…
Source: Business Standard The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo 3 min read Last Updated : Sep 17 2024 | 10:25 AM IST Finance Minister Nirmala Sitharaman has confirmed that there will be no tax rate reductions under the old tax regime, despite…
