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Union Budget 2024: Govt to make big announcement on income tax? Will it hike standard deduction or 80C limit?

DNA Monday, 22 July 2024
The limit of standard deduction was increased to Rs 50,000 per annum in 2019. Since then, there has been no change in it.
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Union Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha on Tuesday, with significant highlights and proposals aimed at reshaping the economic landscape. The most noteworthy announcement was the introduction of a new tax regime that exempts individuals earning up to ₹3...

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