Standard deduction may rise under new tax regime

The finance ministry is exploring raising the standard deduction for income taxpayers. The NDA govt is cautious about changing the capital gains mechanism. Discussions for the Budget are underway with finance minister Nirmala Sitharaman. The overall mood indicates that most wings of govt are in favour of offering concessions to taxpayers, especially the middle class.

Jun 24, 2024 - 05:30
 0
Standard deduction may rise under new tax regime
The finance ministry is exploring raising the standard deduction for income taxpayers. The NDA govt is cautious about changing the capital gains mechanism. Discussions for the Budget are underway with finance minister Nirmala Sitharaman. The overall mood indicates that most wings of govt are in favour of offering concessions to taxpayers, especially the middle class.

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