July 23, 2024
The standard deduction under the new income tax regime has been increased by 50% to Rs 75,000.Salaried employees can now save up to Rs 17,500 annually in income tax.
Abolition of angel tax for all classes of investors to ease the tax burden on young startups.
Loans of up to Rs 10 lakh for higher education in domestic institutions announced.Internship opportunities in 500 top companies to be provided to 1 crore youth.
One month's salary will be provided to new workforce entrants across all sectors, benefiting 2.1 crore youths, distributed in three tranches for those earning up to Rs 1 lakh salary.
Prices of gold and silver items are expected to decrease with customs duty reduced to 6%.Prices of mobile phones likely to reduce with customs duty cut to 15%.