Considering the current cost of living and inflation, the threshold of Rs 50,000 is a meagre amount for individual taxpayers and therefore, it is expected to be raised to a minimum of Rs 1 lakh in the election interim budget
Union Budget 2024-25 Expectations: Here Are 4 Income Tax Benefits Expected From FM Sitharaman oneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oneindia.com Daily Mail and Mail on Sunday newspapers.
Budget 2024: ClearTax CEO suggests increasing the deduction limit for medical insurance premiums, streamlining the capital gains tax regime, and rectifying the income tax classification of Bengaluru
Senator John Kerry's tax plan slows economic activity until 2011,when it generally adopts President George Bush's approach ofpermanent tax cuts. Even so, the Bush plan consistently outperformsthe Kerry plan. President Bush relies on supply-side tax changeswhile Senator Kerry focuses much of his attention on demand-sidepolicy with targeted tax policy changes that yield the unintendedconsequence of producing a tax cut for high-income taxpayers after2011.