Tax Act 2024 Taxes. The provisions of section 2 of, and the first schedule to, the finance act, 2023, shall apply in relation to income. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime.

The stt applicable to futures and options (f&o) trading is set to increase from october 1, 2024. Find all indirect tax legislations, rules, regulations, forms, notifications, finance acts, amendments and ordinances on the revamped tax information portal of cbic.