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Budget 2024: No tax on annual income up to Rs 8.5 lakh if basic exemption hiked to Rs 5 lakh | Here...
Financial Express· 49 minutes agoIf the basic tax exemption limit is hiked to Rs 5 lakh from the current Rs 3 lakh in the upcoming budget, as expected, taxpayers whose taxable income is under Rs 8.5 lakh per annum will be tax exempt.