|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
, deductions and exemptions that Americans will be able to reduce their tax bills by about $1.1 trillion this year, according to congressional estimates.
The biggest tax breaks, and the amount they will save taxpayers this year:
—Employer contributions toward workers' medical insurance premiums and medical care are not taxed: $181 billion.
—Retirement plan contributions and earnings are not taxed: $165 billion.
—Mortgage interest deduction: $101 billion.
—Lower tax rates on long-term capital gains and qualified dividends: $84 billion.
—Deduction for state and local taxes: $69 billion.
—Deduction for charitable contributions: $46 billion.
—Most Social Security and veterans' benefits are not taxed: $45 billion.
—Interest on tax-exempt state and local government bonds is not taxed: $26 billion.
—When someone dies, the capital gains on his investments is not taxed: $24 billion.
—Income from some life insurance products is not taxed: $23 billion.
Sources: National Taxpayer Advocate; Joint Committee on Taxation.