Why salaried Indians need a big hike in standard deduction https://ift.tt/2xuj6Wp

While businessmen and consultants can claim exemptions against all kinds of expenses, for salaried employees, tax is deducted at source by the employer, which significantly lowers the take-home pay. A good way forward is by increasing standard deduction — not by a token amount, but substantially. Standard deduction is the amount that gets subtracted from your taxable income.
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