Budget 2024 Highlights For Income Tax

Budget 2024 Highlights For Income Tax. The union minister of finance and corporate affairs smt. The fm introduced several changes relating to income tax.

Key highlights include adjustments to personal and corporate tax rates, amendments to capital gains taxation, and updates on gst compliance. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime.