The Interim Budget 2024 looms just days away, and a wave of expectations is sweeping across various sections of taxpayers, particularly the middle-class, with hopes of significant tax reliefs. Now, after nearly five years, there is a growing call for parity between businessmen and professionals, urging an official expense standard deduction of at least Rs 1,00,000 in 2024. To bring …
The Interim Budget 2024 is just around the corner and the middle-class taxpayers are holding their breath, hopeful for some relief in the form of income tax concessions. A report from Anand Rathi talks about how a higher standard deduction is needed for salaried taxpayers to ease taxes for middle and lower-income groups without many investment options. Standard Deduction over …
