Union Budget 2022: What common man expects from FM Nirmala Sitharaman - Standard deduction is a deduction allowed from gross salary income for salaried individuals and pensioners. This reduces the taxable salary income.
Budget 2022 Latest News: Exemptions and reliefs that taxpayers may get - The common tax payer is anticipating a slew of reforms and relief from the Union Budget 2022.
Ahead of Lok Sabha elections, the government has given announced another bonanza to lure the middle class and enhanced the Income Tax Exemption for Gratuity to Rs 20 lakh.