Budget 2024 income tax expectations: Raise basic exemption limit, standard deduction and NPS benefits for taxpayers

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 the 30% tax slab limit from Rs 15 lakhs to Rs 20 lakhs.

Jul 19, 2024 - 14:30
Budget 2024 income tax expectations: Raise basic exemption limit, standard deduction and NPS benefits for taxpayers
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 the 30% tax slab limit from Rs 15 lakhs to Rs 20 lakhs.