What Budget says - Direct and Indirect Taxes

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..... What Budget says - Direct and Indirect Taxes
By: - CSSwati Rawat
Budget - Tax Proposals
Dated:- 23-7-2024

What Budget says - Direct Indirect Taxes Changes in New Income Tax Regime Sla .....

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..... b 0-3 lakh : Nil 3-7 lakh: 5% 7-10 lakh: 10% 10-12 lakh: 15% 12-15 lakh: 20% Above 15 lakh: 30% * New tax regime slabs to be changed, standard tax deduction increased from Rs. 50,000 to Rs. 7 .....

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..... 5,000. * As in new tax regime Salaried employees to save up to Rs.17, 500 annually in taxes. * Exemption to three more medicines for Cancer treatment from customs duty. * Government to reduce cu .....

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..... stoms duty on gold, silver to 6%, platinum to 6.4%. * Two tax exemption regimes for charities to be merged into one. * Short-term gains @ 20% on some financial assets. * Unlisted bonds, debentur .....

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..... es, debt mutual funds, market-linked debentures to be taxed at slab rate. * Angel tax abolished for all classes of investors.
Scholarly articles for knowledge sharing by authors, experts, profes .....

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..... sionals .....

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