1337 views | Jan 31, 2024, 05:11:01 PM | TOI.in
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Budget 2024 expectations: Focus on making new tax regime more appealing; hike Section 80C limit

Budget 2024 expectations: “There have been various changes introduced by the government since it came into power to simplify the tax structure and reduce complexities. Endeavour has been to ensure tax is no longer taxing. In my view, one of the superb initiatives taken by the government was the introduction of a new personal tax regime. The new regime was introduced in 2020 and offered a reduced tax rate for taxpayers who choose to forego certain deductions and exemptions like HRA, Section 80C deductions, interest on housing loan deductions and likewise,” says Chander Talreja, Partner, Vialto Partners. Budget 2024, which will be an Interim Budget, will be presented by Finance Minister Nirmala Sitharaman on February 1, 2024 as part of the Parliament’s Budget session.

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