Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour?

Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour?

The Union Budget 2024 endorses the government’s policy of an apparent tilt to the New Tax Regime over the previous one, as evident from a slew of efforts to make it a more attractive proposition for taxpayers. The government’s push for the New Tax Regime became evident last year when the income threshold limit for … Read more

Budget 2024: FM Sitharaman says taxpayers can save up to ₹17,500 under new tax regime. Here’s how

Budget 2024: FM Sitharaman says taxpayers can save up to ₹17,500 under new tax regime. Here’s how

In Budget 2024, Union Finance and Corporate Affairs Minister Nirmala Sitharaman revised income tax slabs under the New Tax Regime, offering considerable savings in the hands of salaried taxpayers. After the revision of income tax slabs, there is no tax liability for income up to ₹3 lakh. However, as the changes announced in Budget 2024 … Read more