What Taxpayers Expect From Budget 2024

Hit hard by high inflation, there are many expectations of taxpayers from the Budget 2024

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Rationalization of the income tax slab rates

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Increase in the Section 80C deduction limit

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De-cluttering of Section 80C

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Hike in the standard deduction limit

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Separate deduction for repayment of home loans

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Making the New Tax Regime more appealing

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Inclusion of more cities in the 50% HRA tax exemption list

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Increase in the limit of deduction on the health insurance premium paid u/s 80D

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Simplification of capital gain tax regime

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Ease of tax administration for NRIs

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