New Tax Laws 2024

New Tax Laws 2024. Tds on payment of commission or brokerage has been reduced from 5% to 2%. The new tds law will reduce the amount received by investors as tax will be deducted before making the final payment to the investor.

Spanning nine key priorities, the budget. With the introduction of the new income tax regime, the basic exemption limit has been elevated from rs.2.5 lakhs to rs.3 lakhs.