2024 Tax Rates And Deductions Allowed

2024 Tax Rates And Deductions Allowed. Current law limits the amount of compensation paid to executives that corporations are allowed to deduct from their taxable income. However, in the union budget 2020, the government introduced a new.

While the old tax regime allows taxpayers to avail of tax exemptions under close to 70 income tax deductions available under various sections of the income tax rules, the. Learn about the options available to taxpayers and make.