Income Tax Slabs: Live Updates for 2024
Income Tax Slabs Live Updates for 2024: The Union Budget 2024 is much anticipated, and taxpayers are excited to see what potential changes there may be to income tax rates and slabs. Will the middle class benefit more from the new regime? Come get expert perspectives and live updates.
Union Budget 2024 Live, Income Tax Slabs: According to experts, there could be adjustments to the income tax slabs, specifically increasing the threshold for the 30% tax rate from Rs 15 lakh to Rs 20 lakh. By reducing the financial burden on the middle class, this change may raise disposable income and encourage consumer expenditure.
Live Announcements of Income Tax Changes in Hindi: Go Here to Read
Is a raise in the minimum deduction anticipated? Raising the standard deduction limit from Rs 50,000 to Rs 1 lakh is one of the main expectations for Budget 2024. In addition to incentivizing taxpayers to choose the new tax structure, this adjustment would relieve many households of a significant burden and improve their overall financial stability.
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