Tax Forgiveness 2024 Means In India

Tax Forgiveness 2024 Means In India. The new tax regime aims to simplify income tax for individual taxpayers by offering lower tax rates in exchange for preceding most deductions and exemptions available under the old regime. Income above rs 15 lakh taxed at 30%.

The proposed tax measures include: Progressive taxation could prevent the concentration of income in the hands of a few rich individuals and help plug the inequality gaps in the indian.