What'S New For 2024 Tax Year In India
What'S New For 2024 Tax Year In India. Finance minister nirmala sitharaman announced changes to the new income tax regime in her union. Section 115bac of the income tax act, introduced in the union budget 2020, offers a new tax regime with lower tax rates and reduced deductions.
Income up to โน 3,00,000: Monetary limits for filing direct taxes, excise and service tax related.