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Budget 2024: Are you richer or poorer?
![IndiaTimes]()
Tuesday, 23 July 2024
Does this Budget leave you richer or poorer? The answer depends on your income level, which income tax regime you opt for, and how much and where you have invested.n For anybody with annual income of Rs 10 lakh or more, changes made by the FM in tax slabs under the new regime and the enhanced standard deduction mean a net gain of Rs 17,500 annually. Since a reduction in your tax also means health and education cess goes down, you save another Rs 700 (4% of Rs 17,500) to take the total savings to Rs 18,200.
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Tuesday, 23 July 2024
