By : 5paisa, 22 July 2024
As the Union government gets ready to present its 24–25 Budget, the Aam Aadmi has several expectations.
Raising the standard deduction significantly is a high priority since inflation is constantly decreasing buying power.
Another important expectation is to raise the tax exemption threshold on interest income from a variety of sources.
A more simple and efficient capital gain structure would facilitate individuals awareness of their tax responsibilities.
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Raising the Section 80C limit is one of the expectations that would encourage more people to save and invest.
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