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What are benefits of joint tax filing for married couples suggested by ICAI?
short by Ashley Paul / on Saturday, 25 January, 2025
Institute of Chartered Accountants of India (ICAI) proposed introduction of joint tax filing for married couples in Budget 2025, allowing them to jointly file tax returns. The system will increase tax exemption limit from the current ₹3 lakh to ₹6 lakh, particularly benefitting families with single income earner. It'll also make additional deductions and favourable tax rates available to couples.
read more at NDTV