Income Tax Budget 2024 LIVE: New Tax Slabs, Increased Standard Deduction, Will Taxpayers Shift To New Tax Regime?

Income Tax Budget 2024 LIVE: Relief For Middle Class Taxpayers

In sops for the middle class, Finance Minister Nirmala Sitharaman hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class to boost consumption. Read more

Income Tax Budget 2024 LIVE

The new tax slabs under the new income tax regime will be effective from April 1, 2024. (Assessment Year 2025-26).

Income Tax Budget 2024 LIVE: Is It Better To Move To New Tax Regime Now?

Budget 2024 brought significant changes to the new tax regime, making it more attractive for many taxpayers. Should you consider moving to new tax regime? Read more

Income Tax Budget 2024 LIVE: New Tax Regime Rs 17,500 Tax Saving Calculation

• Slab rate reduction effect will be Rs 10,000 @ 30% tax rate
• Standard deduction Rs 25,000 additional @ 30% = Rs 7,500

Rs 10,000 + Rs 75,00: Rs 17,500

Income Tax Budget 2024 LIVE: New Tax Regime

In the new tax regime, the tax rate structure is proposed to be revised, as follows:

Income Tax Budget 2024 LIVE

CAPITAL GAINS TAX
• Short-term gains on certain financial assets will be taxed at 20 per cent.

• Long-term gains (on all financial and non-financial assets) will attract tax of 12.5 per cent.

• Unlisted bonds, debentures, debt mutual funds, market-linked debentures to be taxed at slab rate.

Salaried Employees To Save Rs 17,500 Annually In Taxes: FM

Salaried employees under new tax regime to save up to Rs 17,500 annually in taxes due to changes proposed in FY25 Budget, says Finance Minister Nirmala Sitharaman on Tuesday. Read more

Income Tax Budget 2024 LIVE: All Changes In New Regime

– Standard Deduction For Salaried Employees Increased To Rs 75,000 From Rs 50,000
– Salaried Employee In New Tax Regimes Stands To Save Rs 17,500 In Income Tax
– Lowest Slab In New Tax Regime Increased To Rs 3 Lk From Rs 2.5 Lk
– In the New Tax Regime 5% Tax For Slab Of Rs 3-7 Lk
– In New Tax Regime 10% Tax For Slab Of Rs 7-10 Lk
– In New Tax Regime 15% Tax For Slab Of Rs 10-12 Lk
– In New Tax Regime 20% Tax For Slab Of Rs 12-15 Lk
– In the New Tax Regime 30% Tax For Slab Above Rs 15 Lk

Income Tax Budget 2024 LIVE

Govt proposes to increase tax deduction on family pension for pensioners to Rs 25,000 from Rs 15,000.

Income Tax Budget 2024 LIVE: Income Tax Slabs Changed In New Tax Regime

Govt proposes to increase tax deduction on family pension for pensioners to Rs 25,000 from Rs 15,000.

Income Tax Budget 2024 LIVE: Changes In New Tax Regime

New Regime Slabs As Announced By The Finance Minister in Budget 2024

0-3 lk : NIl
3-7 lk : 5%
7-10 lk: 10%
10-12 lk: 15%
12-15 lk: 20%
Above 15 lk : 30%

Income Tax Budget 2024 LIVE: New Tax Regime Changed

New Regime Slabs As Announced By The Finance Minister in Budget 2024

0-3 lk : NIl
3-7 lk : 5%
7-10 lk: 10%
10-12 lk: 15%
12-15 lk: 20%
Above 15 lk : 30%

Income Tax Budget 2024 LIVE: Standard Deduction Increased To Rs 75,000

New Regime Slabs As Announced By The Finance Minister in Budget 2024

0-3 lk : NIl
3-7 lk : 5%
7-10 lk: 10%
10-12 lk: 15%
12-15 lk: 20%
Above 15 lk : 30%

Income Tax Budget 2024 LIVE

Reopening of I-T assessment after 3 years only in cases where escaped income is Rs 50 lakh and above: FM.

Income Tax Budget 2024 LIVE: Angel Tax Scrapped

No Angel Tax On All Classes Of Assets

Income Tax Budget 2024 LIVE: Capital Gains Announcements

Long-term Cap Gains On All Financial & Non-Financial Instruments Will Attract 12.5%. Short-term Gains Will Attract 20% On Some Assets. Limit Of Long-term Cap Tax Gains Exemption Hiked To Rs 1.25 Lakh From Rs 1 Lakh

Income Tax Budget 2024 LIVE

Two tax exemption regimes for charitable trusts to be merged into one, says finance minister.

Income Tax Budget 2024 LIVE: Capital Gains Tax Limit Increased

Limit increased in capital gains tax

Income Tax Budget 2024 LIVE

58 pc of corporate tax came from simplified tax regime in FY23. More than two-thirds of individuals availed new tax regime: FM

Income Tax Budget 2024 LIVE

Two Tax Incentive Regimes For Charity Sector Will Be Merged Into One

Income Tax Budget 2024 LIVE

58% Of Corporate Tax Came From Simplified Tax Regime In FY23

Income Tax Budget 2024 LIVE: Review Of Income Tax Act

58% Of Corporate Tax Came From Simplified Tax Regime In FY23

Income Tax Budget 2024 LIVE: FM Speaks On Direct Tax

58% Of Corporate Tax Came From Simplified Tax Regime In FY23

Income Tax Budget 2024 LIVE

Propose To Cut Customs Duty On Gold & Silver To 6%

Income Tax Budget 2024 LIVE: Mobile Phones To Be Cheaper

Govt reduces basic customs duty on mobile phones, mobile charger to 15 per cent

Income Tax Budget 2024 LIVE

Govt exempts 3 more cancer treatment drugs from Customs duty

Income Tax Budget 2024 LIVE: Tax Exempted On Critical Minerals

Govt exempts 3 more cancer treatment drugs from Customs duty

Income Tax Budget 2024 LIVE: FM Announce Tax Rebate In Medical Space

Govt exempts 3 more cancer treatment drugs from Customs duty

Income Tax Budget 2024 LIVE: FM Speaks On Indirect Tax

FM begins speaking on indirect tax announcements.

Income Tax Budget 2024 LIVE: NPS Reforms

FM announced reforms in the National Pension Scheme