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Budget 2024 income tax: Why Rs 20 lakh and not Rs 15 lakh should be the new threshold for 30% tax rate
Credit: IndiaTimes- Published on January 30, 2024
Budget 2024 income tax expectations: Income tax rates and tax slabs under the Finance Act 2023 have been reduced to five from six to make the new tax regime more lucrative. The simplified regime allows a standard deduction of Rs 50,000 per annum.
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