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 …
Budget 2021 Taxpayer Expectations: With the common man bearing the brunt of Covid-19 in 2020, now all eyes are set on the annual budget to be presented by finance minister Nirmala Sitharaman on February 1, 2021. The current tax slabs are NIL for those earning between Rs 0-2,50,000: 5 percent for income between Rs 2.5-5 lakh Rs 5 lakh-Rs 7.5 …
