New Delhi
Big surprise for employees in the current 2022-23 budget? Will the standard deduction on tax increase to Rs 1 lakh? Recently such speculation has started among the employees.
The relevant standard deduction is the place of income of the citizens which is not subject to tax. In other words, no tax is imposed on this part by the government. The Government of India led by Narendra Modi increased the amount of Standard Deduction from Rs 40,000 to Rs 50,000 in the last Budget. It is believed that this standard deduction may increase to Rs 1 lakh in the budget that is likely to be available this year.
It is to be noted that the demand for increasing the standard deduction has been raised by the employees for several days now One of the reasons behind this is, of course, cowardly hyperthermia. The last two years have been a work-from-home situation as a result of the Covid supermarket. The cost of employment for this Work From Home has increased a lot. The cost of internet has increased tremendously. In addition to the set-up of office space, telephone costs, phone bills - all of which increase the cost, many citizens are seeking Work From Home Allowance. That allowance can come through tax deduction, says many.
Corporate correspondent
إرسال تعليق