standard deduction

Do I have to deduct tax for paying rent to a non-resident landlord?

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Do I have to deduct tax for paying rent to a non-resident landlord?

I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please advise whether I, as a tenant, must deduct tax before paying rent every month to the NRI landlord. If yes, how much deduction is … Read more

Income tax Budget 2024 expectations: 5 things salaried taxpayers want from FM Nirmala Sitharaman on July 23

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Income tax Budget 2024 expectations: 5 things salaried taxpayers want from FM Nirmala Sitharaman on July 23

Budget 2024: The salaried class has high expectations for the upcoming budget as there was not much relief for the taxpayers in the interim budget of 2024. Anticipating Budget 2024, substantial tax reforms are expected to provide relief and boost savings for taxpayers, especially the middle class. Personal Finance Experts suggest potential changes such as … Read more