A standard deduction of 25% of taxable income is available for both self-employed individuals and salaried employees.
The following examples of allowances or subsidies can be claimed as non-taxable items in determining taxable income for professional tax purposes:
Business deductions are applicable only to self-employed individuals (i.e. business or professional income) whose income is taxed under the professional tax regulation.
For salaried employees, there is no provision in the tax regulation for business deductions.
Last Reviewed - 02 July 2019