How income taxpayers can be given tax relief

Budget 2024 income tax: In view of elections nearby, this year’s budget to be presented on February 1, 2024, will be an interim budget. Many taxpayers still chose the old regime, as giving up deductions like HRA, LTA, deductions for investments under Sections 80C/80D, etc. did not reduce their tax liability when compared with the one under new tax regime. Here is the wish list, and some of them, if not now, do merit consideration later, when the newly elected government will present the full-year budget.

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