WebFeb 1, 2024 · The Budget proposes to extend the date of incorporation for income tax benefits to start-ups from 31.03.2024 to 31.03.2024. It also provides the benefit of carry forward of losses on change of shareholding … WebFeb 2, 2024 · Reduction in Surcharge rate: With India having one of the highest maximum tax rates of 42.74%, it is proposed to reduce the top surcharge rate from 37% to 25%, for …
SUMMARY OF THE UNION BUDGET 2024-24 - pib.gov.in
WebApr 14, 2024 · As the new Financial Year 2024-24 begins, individual taxpayers in India will be affected by some major changes to the income tax rules. These were announced by … Web8 rows · Feb 2, 2024 · On February 1, 2024, the Union Budget 2024 was presented by Finance Minister in the ... in wall vent plumbing
Union Budget 2024 for salaried: Why income tax slabs need to be …
Web21 hours ago · Indore (Madhya Pradesh): The amendments made in the Income Tax Act in the Union Budget 2024 have empowered the income tax department to trace income tax … WebMar 29, 2024 · According to the Union Budget 2024, the standard deduction for salaried individuals has been increased from ₹50,000 to ₹52,500. An increase in this amount resulted in a reduction in taxable income and lower tax liability. Changes in Tax Exemptions The budget has also changed the tax exemptions available to salaried individuals. WebFeb 1, 2024 · It is expected that to further widen the tax base, the government would not make any changes in tax rates in Budget 2024 but may rationalise the concessional tax … only motivated at night