Tag: Income Tax

In the recently presented full annual budget for the financial year 2024-25 (FY2024-25), giving relief to the taxpayers who choose the new tax regime on the income tax front, Union Finance Minister Nirmala Sitharaman not only increased the standard deduction, but also made the regime more attractive by changing the tax slabs. This year's budget speech of the Finance Minister has again strengthened the notions that the government may finally end the old tax regime. Note that although the taxpayers filing Income Tax Return will be able to avail the...