Union Budget 2024: What’s New in the New Tax Regime?
Finance Minister Nirmala Sithraman suggested raising the Standard deduction for professionals enrolled in the new tax regime from Rs. 50,000 to Rs. 70,000, which would be a significant benefit for working professionals. The phrase describes the one-time, flat deduction of Rs 50,000 from a salaried person’s taxable pay income. First, it is suggested to raise … Read more