Budget 2024: Government likely to hike exemption limit to ₹5 lakh under new tax regime, says report
The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by Moneycontrol. In the upcoming budget, likely to be presented in mid-July, the Centre plans to raise the income threshold before any tax is levied from ₹3 lakh to ₹5 lakh. This change will apply only … Read more