The term Tax Deduction is a core concept under taxation. Get to know the definition of Tax Deduction , what it is, the advantages, and the latest trends here. Learn the meaning of deduction as a noun in two senses: one related to subtracting something from a total, and one related to logical reasoning. See examples of deduction in different contexts and usage. Overview of deductions under salaries, house property, business, capital gains, other sources, and 80C-80G contributions for AY 2026-27. Limits and eligibility explained. (200 Char)... DEDUCTION definition: 1. the process of reaching a decision or answer by thinking about the known facts, or the decision…. Learn more.
