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Diwali Bonus: Rules for Diwali bonus changed, exemption will also be available on income up to ₹ 12 lakh in the new tax system – rules for diwali bonuses have changed with the new tax system also providing exemptions for income up to ₹ 12 lakh.

During the festive season of Diwali, people buy gold, clothes, electronics and gifts, but these personal expenses usually do not get tax exemption. In India, personal festive purchases like clothes, …

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