WebFeb 1, 2024 · The government has raised non-tax revenue collection estimate from the telecom sector by 30 per cent to Rs 89,469.17 crore in 2024-24, according to the Union budget document. The government has ... WebMar 29, 2024 · The standard deduction is a fixed amount that can be deducted from the gross salary before calculating the taxable income. According to the Union Budget 2024, the standard deduction for salaried individuals has been increased from ₹50,000 to ₹52,500. An increase in this amount resulted in a reduction in taxable income and lower tax liability.
New Tax Regime: Need clarity on India
WebFeb 1, 2024 · Presenting the Union Budget 2024-24, Finance Minister Nirmala Sitharaman announced a new tax regime under which she proposed to raise the tax exemption limit to Rs 3 lakh. ... She also proposed increasing the income tax rebate limit from Rs 5 lakh to Rs 7 lakh. advertisement. The new tax regime will now be the default tax regime, Finance ... Web1 day ago · In her budget speech, Sitharaman said, “Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by Rs 52,500.” So, while taxpayers under the … high schools in marietta ga
Should you go for the new tax regime? - The Indian Express
WebJan 26, 2024 · This budget will be the last budget by the current government in power and will have the content in the upcoming elections in April/May 2024. This article will share all the details on the upcoming budget, expectations, income tax, date, and more. Budget 2024 Date Overview. Budget 2024 – Date and Time. Union Budget 2024 – Recession Era. WebFeb 1, 2024 · Union Budget 2024 was tabled on Wednesday, February 1, in which Finance Minister Nirmala Sitharaman announced various modifications to the personal income tax regime. Income tax is an important aspect of financial planning for working professionals, and with the new financial year approaching, it’s important to start thinking about ways to ... WebApr 10, 2024 · The Indian Union Budget 2024-24 received assent of the President of India on 31 March 2024, paving the way for a slew of changes to tax laws, including 64 additional amendments to the initially ... how many cups is 100 grams of potatoes