As the upcoming election looming on the horizon, the second term of the Modi government is gearing up to present its interim and final budget. This holds significant importance as the 18th Lok Sabha elections are anticipated to take place in May 2024., Budget 2024 News, Times Now
Income tax is a key source of revenue for the government and is used to fund public services, infrastructure, and various welfare programs. In India, income tax is typically calculated as a percentage of an individual's or entity's taxable income, and the rates may vary based on the income level and the nature of the income. Budget 2024-25: Key Income Tax Rules That Taxpayers Should Know Ahead of Interim Budget.