Income Tax Changes

Union Budget 2024: Will Old Tax Regime be scrapped this year? Here’s what FM Sitharaman said after Budget speech

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Union Budget 2024: Will Old Tax Regime be scrapped this year? Here’s what FM Sitharaman said after Budget speech

Union Budget income taxes: In the first Budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced many important changes to income taxes. The most prominent was the tweaking of tax slabs and increase in Standard Deduction limit under the New Tax Regime.  However, she didn’t introduce any change in the Old Tax Regime. … Read more

Income Tax changes: Rs 17,500 savings, tax exemption till Rs 7.75 lakh. Here’s what taxpayers would get under New Tax Regime

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Income Tax changes: Rs 17,500 savings, tax exemption till Rs 7.75 lakh. Here’s what taxpayers would get under New Tax Regime

Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday brought in some relief for the taxpayers under the New Tax Regime. After increasing the Standard Deduction limit from Rs 50,000 to Rs 75,000, FM Sitharaman revised the tax slabs for the New Tax regime. She said salaried employee will now stand up to save Rs … Read more