TaxTMI 
TaxTMI 
What Budget says - Direct and Indirect Taxes
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....hat Budget says - Direct and Indirect Taxes<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 23-7-2024<br><br>What Budget says - Direct Indirect Taxes Changes in New Income Tax Regime Slab....
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.... 0-3 lakh : Nil 3-7 lakh: 5% 7-10 lakh: 10% 10-12 lakh: 15% 12-15 lakh: 20% Above 15 lakh: 30% * New tax regime slabs to be changed, standard tax deduction increased from Rs. 50,000 to Rs. 75....
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....,000. * As in new tax regime Salaried employees to save up to Rs.17, 500 annually in taxes. * Exemption to three more medicines for Cancer treatment from customs duty. * Government to reduce cus....
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....toms duty on gold, silver to 6%, platinum to 6.4%. * Two tax exemption regimes for charities to be merged into one. * Short-term gains @ 20% on some financial assets. * Unlisted bonds, debenture....
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....s, debt mutual funds, market-linked debentures to be taxed at slab rate. * Angel tax abolished for all classes of investors.<br> Scholarly articles for knowledge sharing by authors, experts, profess....
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....ionals ....