Union Budget 2024
*UNION BUDGET 2024* 🔊 FM announces changes in new tax regime -- Standard deduction proposed to increased to Rs 75,000 from Rs 50,000 🔊 In new tax regime, tax rate structure to be revised 0-3L Zero 3-7L 5% 7-10L 10% 10-12L 15% 12-15L 20% 15 & above, 30% Salaried employee in new tax regime will save up to Rs 17,500 in income tax 🔊 Corporate tax rate on foreign companies reduced to 25% 🔊 STT on F&Os proposed to be increased to 0.02% and 0.01% respectively 🔊 Unlisted bonds, debentures, debt mutual funds, market-linked debentures to be taxed at slab rate 🔊 Govt announces that angel tax to abolished 🔊 Two tax exemption regimes for charities to be merged into one 🔊 The Finance Minister announced that long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year. 🔊 The NPS Vatsalya programme is made available for parents to invest in on behalf of th...
