Continuation of existing income-tax rates sustains current tax structure while enabling legislative implementation of fiscal proposals. The Bill preserves existing income-tax rates for the financial year 2024-2025 and gives effect to specified Central Government fiscal proposals; the President recommends introduction and consideration of the Bill to the Lok Sabha under Articles 117 and 274, with introduction scheduled immediately after presentation of the Budget.
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Provisions expressly mentioned in the judgment/order text.
Continuation of existing income-tax rates sustains current tax structure while enabling legislative implementation of fiscal proposals.
The Bill preserves existing income-tax rates for the financial year 2024-2025 and gives effect to specified Central Government fiscal proposals; the President recommends introduction and consideration of the Bill to the Lok Sabha under Articles 117 and 274, with introduction scheduled immediately after presentation of the Budget.
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