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WebOct 11, 2024 · Labor’s 2024 election promise to retain the Coalition’s stage three income tax cuts meant these disaffected groups of better educated, professional Australians on … WebSome trusts and estates may also be able to take the deduction. This deduction, created by the 2024 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20% of … WebFeb 15, 2024 · A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. Profession Tax Is Deductible Under Section 16 (iii) Of The Income Tax Act. … is teddy lupin a hufflepuff