Live Updates and discussion on Union Budget 2024-2025

Page no : 4

Mita Basak (Professional) (1921 Points)
Replied 23 July 2024

TDS rate on e-commerce operators reduced from 1% to 0.1%, says FM Nirmala Sitharaman


Mita Basak (Professional) (1921 Points)
Replied 23 July 2024

#Budget2024 : 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

Mitali (Finance Professional) (14554 Points)
Replied 23 July 2024

Changes In New Income Tax Regime Slab
 
0-3 lakh : Nil 
3-7 lakh: 5%
7-10 lakh: 10%
10-12 lakh: 15%
12-15 lakh: 20%
Above 15 lakh: 30%.#UnionBudget2024

Mitali (Finance Professional) (14554 Points)
Replied 23 July 2024

Standard deduction has been increased from 50,000 to 75,000 to salaried individual.#UnionBudget2024


prasad Nilugal ( GST Practitioner & Accounts )   (14692 Points)
Replied 23 July 2024

Standard Deduction for New Tax regime has been increased from 50000/- to 75000/-.



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