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Salaried They Pay Tax on Income before expenses Income 1000000 Less Tax 200000 Balance 800000 Less Expenses 600000 Savings 200000 Business They pay tax on Profit After expenses Income 1000000 Less Expenses 600000 Profit 400000 Less Tax 80000 Savings 320000 They Pay more Tax They Pay less Tax To give them some tax benefit, govt gives them Standard Deduction of 50000 No Standard Deduction for Business

Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.