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HomeIndiaFM Sitharaman leaves income tax rates, slabs unchanged

FM Sitharaman leaves income tax rates, slabs unchanged

Finance Minister Nirmala Sitharaman on Thursday proposed within the interim finances introduced on February 1 to retain charges and slabs beneath the brand new in addition to the previous tax regimes.

“In keeping with the convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct taxes and indirect taxes including import duties,” the finance minister mentioned in her finances speech.

The minister had earlier mentioned the Price range 2024 was a vote-on-account and “no spectacular changes” needs to be anticipated. Regardless of this, nonetheless, middle-class and salaried tax-payers have been hoping for some reduction forward of the overall elections.



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