Change of Local Tax Rate: Cannon County Local Tax Rate Change in Cannon County, Tennessee On November 2, 2023, voters in Cannon County voted to increase the local sales tax rate to 2.75%. The effective date of the tax rate increase is June 1, 2024. Application of the New Tax…
Understand the importance of early tax planning to maximize tax savings and minimize tax liability. Decide on the beneficial tax regime based on your tax situation and explore different tax-saving options to reduce taxable income effectively.
It's important to note that the Standard Deduction of Rs 50,000, available to salaried individuals and pensioners, remains applicable in both the New and Old Tax regimes.
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