Is there a tax increase in 2024?

The government has raised the Standard Deduction ceiling to Rs 75,000, allowing salaried individuals to save up to Rs 17,500 in taxes under the new regime. This increase from Rs 50,000 was generally expected, with hopes for a hike to Rs 1 lakh. In addition, Finance Minister Nirmala Sitharaman recommended boosting the long-term capital gains … Read more