Government should raise I-T exemption limit under new tax regime from ₹3 lakh to ₹5 lakh: EY

Government should raise I-T exemption limit under new tax regime from ₹3 lakh to ₹5 lakh: EY

Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the government should raise the basic exemption limit under the new tax regime from ₹3 lakh to ₹5 lakh to provide taxpayers with more disposable income. The firm also suggested that the standard deduction should be … Read more