Direct Taxes
- FM proposes to retain same tax rates for direct taxes.
- Direct tax collection tripled, return filers increased to 2.4 times, in the last 10 years.
- Government to improve tax payer services
- Outstanding direct tax demands upto Rs 25000 pertaining to the period upto FY 2009-10 withdrawn
- Outstanding direct tax demands upto Rs 10000 for financial years 2010-11 to 2014-15 withdrawn
- This will benefit one crore tax payers
- Tax benefits to Start-Ups, investments made by Sovereign wealth funds or pension funds extended to 31.03.2025
- Tax exemption on certain income of IFSC units extended by a year to 31.03.2025 from 31.03.2024
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