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Average Salary Information for US Workers, what is the average income in the united states.#What

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Average Salary Information for US Workers

What is the average income in the united states

What is the average income in the united states

How much is the average salary for US workers? Salaries vary based on gender, education, occupation, industry, geographical location, ethnicity, and other factors. Here s information on the average salary in a variety of categories, and calculators to use to determine the salary for specific occupations.

Average Salary Information for US Workers

According to the Bureau of Labor Statistics, the median wage for workers in the United States in the fourth quarter of 2016 was $849 per week or $44,148 per year for a 40-hour work week.

Wages were 2.9 percent higher than at the same date for the previous year, a gain of 1.8 percent.

However, salaries can vary significantly based on both on occupation and location. For example, people working in professional, management and related occupations earned an average of $63,076 annually, while those working in service occupations only earned an average of $28, 080 annually. Jobs in large metropolitan cities which have a higher cost of living tend to pay more than jobs in more rural areas.

Average Salaries for US Men and Women

The BLS reports that for the fourth quarter of 2016, men earned a median average of $927 per week while women earned only $758 or 81.8 percent of what males earned.

Average Salary Based on Education

Workers age 25 and over without a high school degree had median weekly earnings of $519 at the end of 2016 compared with $698 for high school graduates. College graduates with at least a bachelor s degree earned $1,270 per week.

College graduates with advanced degrees earned a median average of $1476 each week.

Median Salary vs. Average Salary

What s the difference between the average salary for a job and the median salary? The median salary (also called the midpoint) for a job is the wage at the middle of a range. Half of the workers in the United States earn below this level and half earn above it.

The average salary (also called the mean) for a job is an average of all the salaries for a specific job.

To get the average salary, you add all the salaries for a job and divide it by the number of people working at that occupation. As mentioned above, the average salary can vary based on location, the supply and demand for the job, and other factors.

How to Find the Average Salary for a Job

When you are evaluating careers or job searching, it can be useful to know what you can expect to make. It can also be a good bargaining tool, when negotiating a salary with a new employer or a pay raise with a current one, to know the average salary that others with your job title make in your geographical region. The link below provides salary profiles for a variety of different occupations, plus links to salary calculators and tools for comparing salaries and discovering how much you can earn.

Salary and Cost of Living Calculators

There are a variety of calculators you can use to find out what the average salary is for a job in your occupation and location of interest. In addition, you can use a cost-of-living calculator to determine how much it actually costs to live in a specific location.

Here a few of the most-used online calculators:

Salary.com reports will give you the average salary for just about every occupation, as well as information on benefits, negotiation, and human resources issues.

Use PayScale s Cost of Living Calculator to determine how much your current salary is worth in a new city and to compare the cost of living in two different cities.

Evaluate a job offer or compare your salary with equivalent positions.

Use PayScale s Salary Chart to review the median salary for a variety of jobs.

Understanding the confluence of average salaries in your profession and the cost of living in any given area will provide you with the facts you need whenever you are considering applying for a new job or moving to a different geographical region.

Are you in the US middle class? Try our income calculator, Pew Research Center, what

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Are you in the American middle class? Find out with our income calculator

About half of American adults lived in middle-income households in 2014, according to a new Pew Research Center analysis of government data. In percentage terms, 51% of adults lived in middle-income households, 29% in lower-income households and 20% in upper-income households.

Our updated calculator below lets you find out which group you are in – first compared with other adults in your metropolitan area and among American adults overall, and then compared with other adults in the U.S. similar to you in education, age, race or ethnicity, and marital status.

Pew Research Center’s new analysis shows that the American middle class lost ground in the vast majority of metropolitan areas from 2000 to 2014, and the shares of adults in the lower- and upper-income ranks rose in most areas. There was more movement into the upper-income tier in about half the areas, while in the other half there was more movement downward.

Step 1: See where you are in the distribution of Americans by income tier. Enter the location that best describes where you live, your household income and the number of people in your household. The calculator adjusts for the cost of living in your area.

Based on your household income and the number of people in your household, you are in the tktk income tier, along with tktk% of adults in tktk .

in each income tier

What is the average income in the united states

Step 2: Now compare yourself to others in the U.S. with your demographic profile

Among all American adults with your education, age, race or ethnicity, and marital status, tktk% are lower income, tktk% are middle income and tktk% are upper income.

Our new analysis shows that the American middle class lost ground in the vast majority of metropolitan areas from 2000 to 2014, and the shares of adults in the lower- and upper-income ranks rose in most areas. There was more movement into the upper-income tier in about half the areas, while in the other half there was more movement downward.

The calculator takes your household income and adjusts it for the size of your household. The income is revised upward for households that are below average in size and downward for those that are above average. This way, each household’s income is made equivalent to the income of a three-person household (the whole number nearest to the average size of a U.S. household, which was 2.5 in 2014).

Pew Research Center does not store or share any of the information you enter.

Your size-adjusted household income and the cost of living in your area are the factors we use to determine your income tier. Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $42,000 to $125,000 in 2014. Lower-income households had incomes less than $42,000 and upper-income households had incomes greater than $125,000 (all figures computed for three-person households, adjusted for the cost of living in a metropolitan area, and expressed in 2013-14 dollars).

The cost-of-living adjustment for an area was calculated as follows: Jackson, Tennessee, is a relatively inexpensive area, with a price level that is 17% less than the national average. The Hawaii metropolitan area known as Urban Honolulu is one of the most expensive areas, with a price level that is 22.5% higher than the national average. Thus, to step over the national middle-class threshold of $42,000, a household in Jackson needs an income of only about $34,600, or 17% less than the national standard. But a household in Urban Honolulu needs a reported income of about $51,000, or 22.5% more than the U.S. norm, to join the middle class.

The income calculator encompasses 229 of 381 metropolitan areas in the U.S., as defined by the Office of Management and Budget. If you live in an area outside of one of these 229 areas, the calculator reports the estimates for your state.

The second part of our calculator asks you more questions about yourself, such as age, race or ethnicity, and marital status. This allows you to see how other adults who are similar to you demographically are distributed across lower-, middle- and upper-income tiers in the U.S. overall. It does not recompute your economic tier.

Note: Previous versions of this post and interactive calculator were published Dec. 9, 2015. Both have been updated to reflect the Center’s new analysis.

Income Tax Filing 2017-18: List of various ITR forms and which return form to use,

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Income Tax Filing 2017-18: List of various ITR forms and which return form to use

Income tax filing in india

Here are the list of various ITR forms explaining who can use the return form.

New Delhi: A crisp income tax returns (ITR) form for salaried individuals has been introduced, doing away with some columns to simplify the filing of returns.

ITR 1-SAHAJ, 2 and 2A can be used by individual or Hindu Undivided Families whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis.

Here are the list of various ITR forms explaining who can use the return form


This Return Form is to be used by an individual whose total income for the assessment year 2017-18 includes:-

(a) Income from Salary/ Pension; or

(b) Income from One House Property (excluding cases where loss is brought forward from previous years); or

(c) Income from Other Sources (excluding winning from lottery and income from Race Horses, Income taxable under section 115BBDA or Income of the nature referred to in section 115BBE)

However, further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.


This Return Form is to be used by an individual or an Hindu Undivided Family who is not eligible to file Sahaj ITR-1 and whoseincome chargeable to income-tax under the head “Profits or gains of business or profession” is in the nature of interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.


This Return Form is to be used by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession.


This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2017-18 includes:-

(a) Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or

(b) Income from Profession where such income is computed in accordance with special provisions referred to in sections 44ADA; or

(c) Salary/ Pension; or

(d) Income from One House Property (excluding cases where loss is brought forward from previous years); or

(e) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.


This Form can be used by a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), persons referred to in section 160(1)(iii) or (iv), cooperative society, registered societies and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4F) shall not use this form.


This Form can be used by a company, other than a company claiming exemption under section 11.

Form ITR-7

This Form can be used by persons including companies who are required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E)or section 139(4F).

Online Company Registration, Pvt Ltd Company Registration – Online Company, online income in india.#Online #income

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One Person Company Registration

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Frequently Asked Questions (FAQs)

What is Private Limited Company?

A private Limited Company Is a legal entity registered by the law according to the companies Act, 2013 which says that a private limited company means a company having minimum paid-up share capital of One Lakh rupees* or such higher as may be prescribed.

What is NIDHI Company?

A NIDHI Company is a Non-Banking Financial Company registered under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money only between their members as it is created for cultivating the habit of savings among its members.

What is OPC Private Limited Company?

A OPC private Limited Company Is a new form of business, introduced by Companies Act, 2013, thereby enabling Entrepreneur(s) carrying on the business in the sole-proprietor form of business to enter into corporate framework. One Person Company is a hybrid of sole-proprietor and Company form of business.

5 Ways To Make Money Online in India, online income in india.#Online #income #in #india

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India Microfinance

5 Ways To Make Money Online in India

Indians are looking at different ways in which they can make money online, there are hundreds of websites where you can earn money without any investments. Any website that asks you to invest money before you can make money online is definitely a fraud and you must proceed with caution or else you might end up losing your hard earned money.

Earn Money Online without investments.

Genuine websites never ask you to invest money. We have created a list of five websites where you can register and earn at-least US$1000 or Rs 60,000 every month. You can earn that much money by working only 100 hrs a month. It might sound unbelievable but it is not easy. It will take you months to touch that magic figure. However if you earn even US$ 100 in your first month , it is a great achievement and a mark of the coming good fortune.

Before you sign up to work on these online jobs , do not forget to register for an International Digital Wallet so that you can receive money online without any hassles directly into your bank account once you complete your work. Also read about India s 5 top bloggers who earn in lakhs every month, they will inspire you to put forward your best efforts.

5 Websites to earn money online

Online income in india

mTurk is a marketplace where freelancers and developers can do the work posted by businesses. Businesses require humans to do thousands of small tasks online and information about these tasks are posted online. Tasks are divided into HIT s and the amount of money you can earn per HIT varies from task to task. An example of a sample task is to extract items from a shopping bill and add up the items in an excel sheet. Doing this can earn you as much as 5 rupees for a task and it takes less than 3 minutes to complete it.

A HIT stands for Human Intelligence Task and this website offers flexible working hours for Indians looking to work from Home.

oDesk helps connect individual developers and freelancers with small businesses. Businesses post projects which individuals can bid for and complete in a stipulated time period. If you have skills such as web designing, logo designing, know how to build and maintain WordPress websites then you can easily find a job that pays US$ 5 or Rs 300 per hour.

You can negotiate the rates with your employer and oDesk ensures your wages are paid on time. This is the famous oDesk guarantee, which has made the website a favorite among freelancers. When you first register on the website, you will be required to complete a few tests before you can bid for projects. Majority of the projects on oDesk are done by Indians, Pakistani s and Bangladeshi s, while those who post work are mainly from the United States and Europe.

Scripted is a network for freelance writers where website owners post their content requirements. If you are fluent in English and can write creatively you can earn a minimum of US$ 25 (Rs 1500) per 500 word article. Some of the top writers on scripted.com earn as much as US$ 1000 (Rs 60,000) per week.

What makes Fiverr unique is that it hosts only those tasks which cost only US$ 5 to complete. So you can get a logo designed for $ 5 or you can have writing and translation work done for $5. Additional value added services cost more. Fiverr has been a big hit with people who work from home as it offers flexibility of work hours and the tasks take less time to conclude. Do sign up to start earning !

Elance.com is considered to be the largest online site for making money online. It also one of the oldest websites in it s category and was started in 1999. An estimated 2 million businesses post work on elance.com regularly for freelancers. oDesk was acquired by elance last year. Together odesk-elance have more than 8 million freelancers working from 180+ countries. In 2014 , the volume of work done online was estimated at US$ 1 Billion.

Do you know about any other website that provides easy work from home opportunities ?

How to file Income Tax Return Online in India, what is income tax return in

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How to file Income Tax Return Online in India?

Income Tax Act formulated by Indian Government states that those whose total income of the preceding year surpasses the threshold amount which is not chargeable to tax, have to file returns on income tax. Filling for income tax returns is not an easy task. Thus, to make life smooth for people in this hectic schedule, the government has launched e-filing. This helps people to file for income tax in a hassle-free way.

This is a simple process which can be carried easily by those who can work on computer. If not, then there are numerous professionals out there those who can help you so as to file your returns. The best thing about filing Income Tax Returns online is that you can do this according to your wish and comfort. You do not have to take any leave from office just file your income tax returns. All you need to do is to register on the official website of the income tax department. Plus, there are other websites as well that help you to file your returns. You need to note that the due date for filing tax returns in July 31st.

Who can File Income Tax Returns Online?

Filing of income tax returns turns out to be very easy and smooth and is now adopted by most of the assessees.

  • Those who earn Rs. 5 Lakhs and above.
  • Individual/HUF dweller with possessions those are positioned outside the country.
  • In order to submit the proof you need to prepare a comprehensive report of audit which is under the following sections 10(23C) (via), 10(23C) (VI), 10(23C) (v), 10(23C) (IV), 10A, 12A (1) (b), 44AB, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E or 115JB of the Act.

According to Section 11(2) (a), the return filer needs to give a notice to the assessing officer.

  • A firm (falling under guidelines of section 44AB), Cooperative Society, BOI, AOP, Artificial Juridical Person, and Local Authority (ITR 5).
  • An assessee is responsible for producing returns U/S 139 (4B) (ITR 7).
  • If you are a resident of India with signing authority of any account that you are holding outside India.
  • If you claim relief under sections 90 or 90A or the deductions were claimed as per section 91.
  • All companies.

Ways of Filing Income Tax Returns Online:

  • Digital Signature Certificate (DSC) to file your returns online. A chartered accountant is necessarily required in case if you wish to file IT forms with the help of Signature Certificate (DSC).
  • In case if you wish to file online without using DSC, an ITR V form is formed. This form needs to be printed and signed. Then after completing the formalities you need to submit it to CPC, Bangalore. You can do this through speed post or even speed post but make sure it reaches within 120 days from filling your form.
  • While filing returns online there is no compulsion to file it using an E-return Intermediary (ERI) or you can do so without DSC.

Things to Know Before Filing ITR Online

In order to file your tax returns smoothly, you need to keep certain things handy.

Things to Know in Order to Choose the Right Form to Fill

Choosing the right form is a bit confusing as you need to pick out the right form while filing tax returns online. You need to select your Income Tax Return (ITR) forms according to the categories you fall in. These categories are listed in the tabular for below:

Before you file your returns make sure to kook at Form 26AS. This form depicts the total tax that gets deducted from your income and this is deposited by your employer to the IT department.

Make sure that the tax deducted depends on Form 16. This also has to match with the facts in Form 26AS. In case if you fail to file your tax returns without any errors, IT department sends you a notice.

  • Claim 80G, certificates for savings and several other deductions

Extra deductions can be claimed in case if you have not claimed them. Deductions can also be claimed under section 80G if you have made donations to charitable institutions.

  • Interest statement – Interest paid on savings accounts as well as fixed deposits

A deduction for about Rs.10,000 is permissible with the best of the interest earned on your savings accounts. On the other hand, the interest which is levied on bank deposits is a division of the taxable income and thus is taxes are applicable as per the defined rates.

Including the taxes mentioned above, make sure that you posses the following things:

Tax returns submitted in the previous year

  • Bank Account statements
  • Certificates for Tax Deducted at Source (TDS)
  • Profit and Loss Account Statement, Audit Reports, Balance Sheet

In order to file income tax returns online your system needs to have the following:

  • Java Runtime Environment Version 7, therefore you need to Update if the version of your Java is 6 or above

Documents Needed for Filing Tax Returns Online

When it comes to serious things such as tax filing you need to always stay prepared. Mentioned below is the list of documents that you need so as to file income tax returns online:

Reporting House Property Income:

  • Residential Address of your property
  • Credentials of the co-owners along with their PAN credentials and share they hold in the mentioned property.
  • Interest levied on home loan
  • In case if you have an under construction property you need to submit the date of completion.
  • Name of your tenant and the income from the rent, in case if you have rented a home
  • You need to submit the purchase details plus the statement of stock trading in case if selling the shares.
  • If you sell any house or a property, you need to give the details of the selling price, purchase price, registration details and the monetary profit gained.
  • Submit all the details such as your mutual fund statement, debt funds, ELSS, sale and purchase of equity funds, and SIPs.
  • If you have some deposit in the savings account then the interest accumulated from the money from the savings account needs to be reported.
  • If you have a source of income from interest on corporate bonds and tax savings bond then you need to report them.
  • If you have deposits in the post office then you need to report the income earned from that deposit.
  • Form 16 in India
  • Income Tax Slabs and Rates for Assessment Year 2016-17
  • If you do not have internet connectivity then you can fill up the returns form offline and then upon getting the connectivity you can easily upload the XML on IncomeTaxIndiaeFiling.gov.in that happens to be the official website of the government.
  • Then you need to prepare your ITR 1 online and after that submit it.

Steps to File Income Tax Returns Online

You can fill the XML offline and then upload on the official website.

You can even prepare and submit your ITR 1 online.

What all steps you need in order to file Income Tax Returns:

Filing income tax returns online is to remove the complexities of the tax filing process. Therefore, you need to follow these steps mentioned below:

The first step is to visit IncomeTaxIndiaeFiling.gov.in login to the website.

  • Your Permanent Account Number (PAN) is supposed to be your user ID.
  • Look at your tax credit statement or even Form 26AS.
  • The TDS according to Form 16 must match with the details of Form 26AS.
  • You need to click on the income tax return and pick out the financial year.
  • The next step is to download the ITR form that suits you. For instance, if your exempt income is more than Rs.5,000, then you need to select ITR-2 .
  • Make us the software for return preparation such as Open excel utility and make use of Form 16 to fill out the details of your form.
  • Click on the tab that says ‘calculate tax’ in order to know the taxable amount.
  • Pay tax (if any) and enter your challan details.
  • Click on the ‘validate’ tab to confirm all the details mentioned above.
  • Pick up an XML file and save it on your computer.
  • On the portal’s panel you need to find out ‘upload return’ and there you can upload the XML file you saved.
  • You will get a pop-up asking you to sign the file digitally. If you have a digital signature, then select ‘Yes’. In case you do not have a digital signature, select ‘No’.
  • This will generate ITR Verification (ITR-V) that needs to be downloaded.
  • Take out a printed copy of form ITR-V and do signatures on it using the blue ink.
  • You need to send it the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka. You are allowed to use speed post or ordinary post but it must reach just in 120 days of filing the returns.

Income Tax Return Filing by IndiaFilings, what is income tax return in india.#What #is #income

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Income Tax Filing

Its is mandatory for individuals, NRIs, partnership firms, LLPs, Companies, Trust to file income tax returns each year. Individuals and NRIs are required to file income tax return, if their income exceeds the exemption limit. Partnership firms are required income tax return – irrespective of amount of income or loss. All companies are mandatorily required to file income tax return. Finally, it is mandatory for most types of trust to file income tax every year, while some types of trusts are required to file return of income if its gross total income exceeds the exemption limit.

Income tax return form can be e-filed or manually filed. Income tax returns do not have the ability to accept any attachment while efiling or manually filing. Hence, all relevant documents pertaining to the income tax filing like proof of investment, TDS certificates, pay slip, rent receipt, etc.) must be retained by the taxpayer and should be readily available if requested by tax authorities during assessment, inquiry, etc.

IndiaFilings is the largest business services platform in India, offering a variety of services like company registration, trademark registration, GST registration, income tax filing and more. IndiaFilings can help you file income tax returns. Get a free consultation for income tax filing through IndiaFilings by scheduling an appointment with an IndiaFilings Advisor.

Top Income Tax Return Types


Income Tax Form ITR-1 (SAHAJ) is for individuals having income from salaries, one house property and other sources like interest, etc., This is the most used income tax return type.


Income Tax Form ITR 4 is for individuals and Hindu Undivided Families having income from a proprietary business or profession. This form is used by proprietorship firms.


Income Tax Form ITR 5 is used by most partnership firms as it is intended for persons other than individuals, Hindu Undivided Families, companies and person filing Form ITR-7.


Income Tax Form ITR 6 ​is used by companies like one person company, private limited company, public limited company and other for-profit companies.


Income Tax Form ITR 7 is used by persons, political parties, news agencies, universities and entities in receipt of income from property held under trust for charitable or religious purposes.

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What is income tax return in india

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What is income tax return in india

What is income tax return in india

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What is income tax return in india


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What is the income tax in India, income tax in india.#Income #tax #in #india

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income tax in india

Income Tax Slab for Individual Tax Payers

Income up to Rs 2,50,000* No tax

Income from Rs 2,50,000 – 5,00,000 Tax Rate 5%

Income from Rs 5,00,000 – 10,00,000 Tax Rate 20%

Income more than Rs 10,00,000 Tax Rate 30%

Surcharge: 10% of income tax , where total income exceeds Rs.50 lakh up to Rs.1 crore.

Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.

Cess: 3% on total of income tax + surcharge.

*Income tax exemption limit for FY 2017-18 is up to Rs. 2,50,000

For more details see link below

Income tax in india

1. Income from salary – your salary income

2. Income from House Property – rental income

3. Income from Business and Profession – income from any business or practicing a profession (cricketer, actor, CA s Office, Doctor, etc)

4. Income from Capital Gain – on sale of any land, building, shares and securities (anything which is a capital asset).

5. Income from Other Sources – any income you earn from any other source.

Income tax in india

Finance Minister Arun Jaitley announced the Budget 2015 on 28th Feb and announced that an individual taxpayer can now claim exemption from Income Tax for Income upto Rs. 4,44,200.

However, he didn’t announce the Slab Rates. A careful read of the Memorandum to the Budget indicates that there is no change in the Slab Rates applicable for 2015-16. The Slab Rates for 2014-15 and 2015-16 are the same.

The Finance Minister very smartly announced that individual taxpayers can claim exemption from Income Tax upto 4,44,200. While announcing this, he had kept into account the various deductions that are allowed to a taxpayer under Section 80C, Section 80D etc. However, there has been no change in the Income Tax Slabs.

For more details and tax related advisory,please visit our website – efiler

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