Understanding Tax Deductions: Itemized vs. Standard Deduction
investopedia.com
Understanding Tax Deductions: Itemized vs. Standard Deduction
A tax deduction reduces your taxable income and how much tax you owe. You can itemize your deductions or take a fixed amount with the standard deduction.
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Since 2012-13, this difference in basic exemption limit has been done away with, and common tax slabs have been introduced for both men and women, with respect to their income and age. Let's understand the Income Tax Slabs for Women in India. Click the link to watch the video: https://youtu.be/B9pakvFWK7w | Business Today | Facebook
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