Budget 2024: Simpler tax provisions, compliance norms will help to expand tax net
Concerns over claiming tax treaty benefits and simplification of withholding tax guidelines.
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Concerns over claiming tax treaty benefits and simplification of withholding tax guidelines.
Deductions under new tax regime: The interim budget by the Modi government is around the corner. Many salaried individuals are hoping for some tax relief in the Budget 2024. The government is trying to make taxpayers choose new tax regime instead of old tax regime. However, according to tax experts, more deductions must be offered under new tax regime to make it attractive.
Here’s what to know about the home office deduction, the rules for claiming it, and how to calculate your total deduction.
By increasing the standard deduction, the government can provide much-needed relief to taxpayers.”
Income Tax: The standard deduction was last revised in 2019, which was also an interim budget, Will Interim Budget 2024 Hike Standard Deduction Limit For Salaried Individuals?