Tax News

Big Change in Income Tax Slab, Big Relief to Taxpayers, Standard Deduction Increased to RS 75,000

On July 23, 2024, the Indian Finance Minister announced the Income Tax Slab Budget 2024, in which a big announcement has been made regarding income tax. The Finance Minister of India is Nirmala Sitharaman. Income tax slabs Presenting Budget 2024-25, Ms Sitharaman has announced to increase the standard deduction of salaried employees from ₹ 15,000 […]

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Kisan Credit Card will be launched in 5 states

Income Tax Budget 2024 LIVE: Kisan Credit Card will be Launched in 5 states

Recently Income Tax Budget 2024 was presented, in which Finance Minister Nirmala Sitharaman made a big announcement for the Kisan Credit Card. Nirmala ji has said that Kisan Credit Card will be launched in 5 states. After presenting the new Budget for 2024-25, now Kisan Credit Card (KCC) facility will now be provided in 5

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Long term capital gains tax exemption limit increased

Income Tax Announcements Live: Long Term Capital Gains Tax Exemption Limit Increased

Today, Tuesday, July 23, 2024, India’s Finance Minister Nirmala Sitharaman announced a new tax update. In the new tax slab, the long-term capital gas tax has been given a big relief. The amount of long-term capital gas tax till the last financial year 2023-24 was Rs 1,00,000. But now it has been increased to 1,25,000

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Income Tax Budget 2024 Updates

Income Tax Budget 2024 Updates: New tax slab, Standard Deductions, and More

As you all know, the Finance Minister of India is Nirmala Sitharaman. On Tuesday, 23 July 2024, Finance Minister Nirmala Sitharaman announced that “the standard deduction will be increased from ₹50,000 to ₹75,000 in the new tax regime”. Nirmala Sitharaman has talked about making amendments to the new system. Nirmala ji has said in Parliament

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