Budget 2024: Government may hike exemption limit under new income tax regime to ₹5 lakh, says report
The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by Moneycontrol. In the upcoming budget, likely to be presented in mid-July, the Centre plans to raise the income threshold before any tax is levied from ₹3 lakh to ₹5 lakh. This change will apply only … Read more