Income tax filing: What are the lesser-known deductions allowed to salaried people?
Updated: 23 Jul 2022, 09:55 AM IST
TL;DR.Salaried taxpayers are an asset to the Income Tax Department considering how a major chunk of the tax comes from them. Considering how their contribution to tax collection is imperative to the country’s economy, the Income Tax Department allows certain exemptions and deductions to lower their net tax liability.
Know the common Income Tax exemptions and deductions available to salaried taxpayers.