Budget 2024 income tax expectations: Why new tax regime is likely to be made more attractive

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.

Jul 13, 2024 - 22:30
Budget 2024 income tax expectations: Why new tax regime is likely to be made more attractive
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.