Trusted News Discovery Since 2008
{{/content}}
Income Tax Expectations: What can Budget 2024 do for salaried, middle class taxpayers and common man?
Credit: IndiaTimes- Published on July 22, 2024
Income Tax Expectations Budget 2024: What can you expect from the Modi 3.0 government’s Budget 2024? What are the top expectations from an income tax perspective and what do the experts recommend? We take a look:
Video credit: Oneindia
Published on July 23, 2024 - 03:14
Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha. The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹12 lakh. These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.
#BudgetWithOneindia #NirmalaSitharaman #IncomeTax #PersonalIncomeTaxSlabs #NewTaxSlab #IncomeTaxSlabsAnnounced #PMModi #PMModiHailsUnionBudget #PMModiHailsBudget2024 #UnionBudget2024 #NirmalaSitharaman #IndianEconomy #BudgetSpeech #PMModi #EconomicSurvey #FinanceMinister #ParliamentSession #HistoricBudget
~PR.152~ED.102~HT.334~
You are here
Related videos from verified sources
IFS reacts as Starmer warns of 'painful' autumn Budget 01:08
Credit: ODN - Published 2 weeks ago
Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained 05:45
Credit: Oneindia - Published on July 24, 2024
Budget 2024: Voices from Varanasi: Farmers, Traders, and Locals Weigh in on the Union Budget | Watch 04:02
Credit: Oneindia - Published on July 23, 2024
Related news from verified sources
Budget 2024 income tax expectations: Expectations are high that more changes may be brought in the new income tax regime - possibly raising the basic exemption...
on July 21, 2024 • IndiaTimes
Budget 2024 date, time: Budget 2024 will likely announce a record capital expenditure with particular focus on roadways and Indian Railways. Additionally, the...
on July 22, 2024 • IndiaTimes