Revised Deductions and Exemptions – JSNCO.in
Along with changes in tax rates, the new bill introduces important modifications to deductions and exemptions, impacting taxpayers across different categories.
Standard Deduction: Salaried individuals may benefit from an increased standard deduction limit, leading to a higher net income.
Education & Healthcare Deductions: New provisions may allow greater tax deductions for educational expenses, medical treatments, and health insurance premiums.
Incentives for Green Investments: The bill is expected to provide tax benefits for individuals and businesses investing in sustainable and renewable energy projects.
For expert guidance on maximizing deductions and exemptions, visit JSNCO.in.
