Budget 2024 Income Tax

Budget 2024 Income Tax. Find out the latest changes to income tax slabs, capital gains, standard deduction, tds and tcs rates announced by finance minister nirmala sitharaman in budget 2024. Labour insists income tax threshold freeze would not break manifesto pledge.

But talk of tax rises has intensified recently, despite the government pledging not to put up income tax or national insurance rates. An announcement in the upcoming budget of a continued freeze on income tax thresholds beyond 2028 would not constitute a breach of labour’s election.