Budget 2024 income tax expectations: Why new tax regime is likely to be made more attractive
Saturday, 13 July 2024 Income Tax Expecations Budget 2024: To provide further tax relief to the salaried taxpayers while keeping the tax system simple, there is expectation that the government may increase the standard deduction from Rs 50,000 to Rs 75,000 under the new tax regime.
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Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were..
Union Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha on Tuesday, with significant highlights and proposals aimed at reshaping the economic landscape. The most..
Finance Minister Nirmala Sitharaman presented her seventh consecutive Budget, outlining key measures for the Modi 3.0 government. The Budget introduced employment schemes and revised the new tax..
Income Tax Expectations Budget 2024: What can be done to make the new income tax regime more attractive than the old tax regime, especially for individuals who... IndiaTimes
Budget 2024 income tax expectations: To further enhance attractiveness of the new tax regime, there is the expectation to tweak the tax slab rates by increasing... IndiaTimes
Saturday, 13 July 2024
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