Budget 2024: LTCG to STT hike, top tax changes to know

The Economic Times
The Economic Times
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Published 2024-07-23
Finance Minister Nirmala Sitharaman announced a host of measures for taxpayers in Budget 2024. Here are all the key announcements you must know. BankBazaar says, "With slight enhancements in the standard deduction, new tax regime slabs, and the hike in the tax-free LTCG, your tax-free income is marginally higher. However, that comes with a higher tax rate on LTCG and STCG, which could significantly impact your earnings from capital gains." To make the new tax regime more attractive, Budget 2024 raised the basic exemption limit to Rs 75,000 from Rs 50,000 in the new tax regime. This allows taxpayers to have a higher disposable income.


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