Interim Budget 2024: Just like this year, the last interim budget was tabled in 2019 by then Finance Minister Piyush Goyal. One of the key announcement that year was concessions in direct taxes, which was before the Centre introduced the New Tax Regime.
In Budget 2023, FM Sitharaman extended the standard deduction of Rs 50,000 to the new tax regime, which was earlier restricted to the Old Tax Regime, in a bid to make the new tax system more attractive.
Tax season is just around the corner. Here’s a look at what you need to know as you sort out your tax forms, organize your receipts, and get ready to file in 2024.
Budget News: Budget 2024: Discover the top 10 income tax reforms that taxpayers are hoping for in Budget 2024. From concessional tax regime changes to deductions for housing, explore the wishlist for personal tax reforms.