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A government agency that undertakes the direct collection of tax in India is the Income Tax Department. All operations of the department are handled by the Central Board for Direct Taxes (CBDT).
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Some of the most commonly used programs are: 401k or 403b: Ensure you’re utilizing your employer match on retirement contributions. Not only does this savings vehicle offer you tax advantages, you are ...
The same is true for prescriptions and labs. The totals at the bottom of the spreadsheet will show you what you’d pay out of pocket over the year for each plan and give you a realistic way to compare.
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...