UNION Finance Minister Nirmala Sitharaman said the upcoming Interim Budget is unlikely to have any “spectacular announcement”, but small tax relief measures and a fillip to welfare spending is likely, according to officials.
Tweaks in certain income tax rates, especially for those at the bottom of the taxpayer pyramid, are expected in the Interim Budget for 2024-25 to be announced on February 1. A hike in standard deduction along with a higher exemption limit to incentivise taxpayers to shift to the new income tax regime are likely.
You have exhausted your monthly limit of free stories.
Register to read more stories
Continue With:-
Google
Facebook
Email
Already have an account? Sign in