Income Tax Budget 2024: Tax Slabs Unchanged; Direct Tax Demand Withdrawal Brings Relief to 10 Million Taxpayers – News18

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Income Tax Budget 2024: Tax Slabs Unchanged; Direct Tax Demand Withdrawal Brings Relief to 10 Million Taxpayers – News18


As finest guess for the forthcoming elections, instead of asserting goodies and populist measures for the citizens, the finance minister has rightly centered on the achievements of the federal government within the final ten years. (Images: PTI)

Income Tax Slab 2024-2025 News: The interim finances signifies that main modifications to the revenue tax coverage are unlikely, nonetheless, there are nonetheless some key expectations and wishlists from taxpayers

Income Tax Slab 2024-25: The interim finances for 2024 was offered by Finance Minister Nirmala Sitharaman. This interim finances, often known as a vote-on-account, is a brief monetary plan offered by the federal government when it doesn’t have the time or mandate to current a full finances.

BUDGET 2024 KEY UPDATES ON INCOME TAX:

Here are the important thing highlights for you to know from the ‘vote-on-account’ finances presentation by Finance Minister Nirmala Sitharaman:

  • FM Nirmala Sitharaman proposed “no changes” to the taxation system — each direct and oblique — together with import duties.
  • Sitharaman stated that the (*10*).
  • The FY 2025 tax receipts are pegged at Rs 26.02 lakh crore.



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