Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
Video Credit: Oneindia - Duration: 03:14s - Published
Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha.
The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹12 lakh.
These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.
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The Waqf Amendment Bill has officially cleared the Rajya Sabha, marking a major shift in Waqf property regulations. Following intense debates in Lok Sabha and Rajya Sabha, the bill introduces crucial Waqf reforms aimed at improving Waqf board governance and addressing property disputes. What are the key changes? How will they impact Waqf properties and stakeholders? Stay informed on the latest updates surrounding the Waqf Amendment Bill and its nationwide implications.
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Waqf Amendment Bill: The Waqf Amendment Bill has been passed by the Lok Sabha. On April 2, a 12-hour-long debate took place in the Lok Sabha on the Waqf Bill, during which nearly all MPs expressed their views. As part of this, Nagina MP Chandrashekhar Azad opposed the Waqf Bill and presented his thoughts in a poetic style. On April 3, the Rajya Sabha also held a debate on the Waqf Bill, where Kapil Sibal put forth his arguments with strong conviction.
#WaqfAmendmentBill #WaqfAmendmentBillUpdate #KapilSibal #WaqfBill #KapilSibalonWaqfBill #WaqfAmendmentBillcontroversy
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Amid intense debates over the Waqf Amendment Bill in the Lok Sabha, Home Minister Amit Shah and Samajwadi Party chief Akhilesh Yadav engaged in a rare lighthearted exchange. The two leaders took playful jibes at each other regarding their respective party presidents, bringing a moment of humor to an otherwise heated session. Watch the full exchange as they trade witty remarks while the debate rages on!
#AmitShah #AkhileshYadav #LokSabha #WaqfAmendmentBill #ParliamentDebate #Politics #BJP #SP #AmitShahVsAkhilesh #IndianPolitics #BreakingNews
Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were..
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