Budget 2024 | Finance Ministry may cut income tax for lower-income individuals, first such move in seven years: Report

Budget 2024: Individuals with annual earnings of ₹5-15 lakh — currently taxed anywhere from 5-20 per cent — could be beneficiaries of the reduction, sources said. They added that a new tax slab may also be considered.

Budget 2024 | Finance Ministry may cut income tax for lower-income individuals, first such move in seven years: Report
Budget 2024: Individuals with annual earnings of ₹5-15 lakh — currently taxed anywhere from 5-20 per cent — could be beneficiaries of the reduction, sources said. They added that a new tax slab may also be considered.