can some one tell me what happens to the standard deduction of 30 k we salaried people were getting? if not then it means, we got nothing actually. take out 30 and add 40... and with this inflation, when we can barely manage our expenses, we have to starve to make compulsory saving to save income tax. The limit should have been more for the salaried middle class which spends more than it earns..
RE:what about standard deduction?
by Sama Sai on Mar 02, 2008 11:14 AM Permalink
I agree with this.Standard deduction should also be increased considerably...S.N.H.SAI
