Tag: Budget 2024
Standard deduction to HRA exemption: Expectations for salaried & professional taxpayers | Budget 3.O – The Economic Times Video
The upcoming budget 2024 is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers hope Finance Minister Nirmala Sitharaman will…
Budget 2024: Higher TCS of 20% on certain foreign remittances via LRS can be reduced to 5%
Budget 2023 introduced a high Tax Collected at Source (TCS) rate, of 20%, on certain foreign remittances through the Liberalised Remittance Scheme (LRS). It has…
Affordable housing tax relief: Budget 2024 expected to bring back deduction on home loan interest payment, other measures
While the interim Budget (presented on Feb 1, 2024) provided some respite to taxpayers by waiving some limited outstanding demands for the past years up…
Your take-home salary may increase after Budget 2024: Here is why
The rumors surrounding Budget 2024 suggest that Finance Minister Nirmala Sitharaman may announce revisions to the income tax slabs. These changes are expected to benefit…
Relief for stock market investors? Why double taxation of dividends should be removed in Budget 2024
After the abolition of dividend distribution tax (DDT) with effect from financial year (FY) 2020-21, dividends have been taxed in the hands of resident individual…
Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension
The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System. This effort…
Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want
The new income tax regime, also known as the concessional tax regime, is designed to offer lower tax rates for individual taxpayers compared to the…
What homeowners want from Budget 2024: Higher exemption limit, shorter period for CGAS holding, bond lock-in and more
Housing and infrastructure development is one of the core priorities for the country to achieve the vision of being a developed nation (Viksit Bharat) by…
6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more
As we approach the full budget of 2024 after the general elections, it presents the government with an excellent opportunity to refine the provisions of…
Budget 2024: Will the indexation benefit on debt mutual fund be back?
Inflation is a significant factor contributing to the increase in the value of a capital asset over time. Income tax laws allow you to adjust…