Business Deductions 2025. Deductions include deduction against salaries, against ‘income from house properties‘, against ‘profits and gains of business or profession‘ against ‘capital gains‘ and against ‘income from other sources’. The indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating their taxable income.
Single filers will pay 10% on income under $19,250, up to 37% for. With a new administration in place, small business owners now have a clearer picture of what to expect in terms of tax policy changes for 2025.