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Despite multifold increase in education, healthcare and property prices, tax deductions under the old regime remain unchanged. In the face of rising inflation, there are growing demands for the government to revise these benefits in the upcoming budget.
The implementation of the 8th Pay Commission will bring a significant salary hike for government employees, but it will also lead to a higher tax burden. Central employees have reason to celebrate as their salaries are set to increase once the new pay commission comes into effect. At the same time, higher earnings will mean an increase in the taxes they need to pay. It’s important to understand ho
