Lila Shelba

Income Tax Relief 2024. In budget 2024, marginal relief, previously applicable only to surcharges in the old regime, was extended to the new tax regime. Tax brackets are income ranges that determine how much tax you pay.

Ensuring that only the intended tax relief is given to charities. To boost consumption, the government may provide some tax relief to those with income above ₹ 15 lakh annually and may also explore reducing the income tax rates for.