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Tax Credit for Non-Profit Educational Institutes Reduced in 2024-25 Budget

The federal government has proposed limiting the tax credit for non-profit educational institutions to 80 percent in the 2024-25 budget. This measure aims to curb potential misuse by other schools and colleges. The candidates can get the latest updates of Tax Credit for Non-Profit Educational Institutes Reduced in 2024-25 Budget.
According to sources, the restriction will apply to non-profit organizations NPOs running educational institutions that charge fees from students. This change seeks to prevent the exploitation of tax benefits by these institutions.
Educational institutions
Currently, educational institutions operated by NPOs enjoy a 100 percent tax credit. For live updates on the Federal Budget, visit online.
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