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Headline : Union Budget 2024: Modi govt mulling income tax rate cuts, all you need to know

Read more from the original article on here at www.firstpost.com.





Tags : #union #budget #2024 #modi #govt #mulling #income #tax #rate #cuts #need #know


No. of Paragraph 16

A deduction in personal tax may help increase consumption in the economy and enhance savings for the middle class read more

With Union Budget 2024, the first full budget of Modi 3.0, scheduled to be presented next month, there are a lot of expectations among people on what’s in store for them.

Amid this, a report by Reuters quoted two government sources as saying that the Modi government is mulling over lowering tax rates for specific groups of individuals. If so, the move will help boost consumption in India, Asia’s third-largest economy.

Let’s first understand how a cut in personal tax will help you. A deduction in personal tax may help increase consumption in the economy and enhance savings for the middle class.

Read more from the original article on here at www.firstpost.com.


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