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Income Tax

Practical guides to returns, tax audit, assessments and notices.

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Income Tax

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Section 16 Salary Deductions: ₹75,000 Standard Deduction & Professional Tax

Section 16 Deductions from Salary Income: Enhanced ₹75,000 Standard Deduction (New Regime), Professional Tax, and Pensioner Rules Guide

A practitioner guide to section 16 salary deductions for FY 2024–25, with a separately identified FY 2025–26 comparison: standard deduction, government entertainment allowance, lawful employment-tax payments, pension classification and multiple-employer reconciliation.

By Team assureOffice