Significant Changes in Personal Income Tax
24 Jul 2024Professional Services
The most awaited changes expected in the budget are relating to personal income tax. This
was a historic 7th budget for our Finance Minister, Nirmala Sitharaman and the first of the
Modi Government 3. The focus of the budget has been to create employment and thus
schemes for skilling youth with industry relevant courses, promotion of internship of youth in
top companies, PF reimbursement for additional employees employed during the year etc.
have been introduced.