Union Finance Minister Nirmala Sitharaman says... ... Union Budget 2024 Live: Standard Deduction for salaried employees hiked to Rs 75,000

Union Finance Minister Nirmala Sitharaman says "Monetary limit for filing Tax appeals increased to Rs 60 lacs for ITAT, Rs 2 crores for High Courts and Rs 5 crores for Supreme Court...I propose to abolish the Angel tax abolished for all classes of investors. Corporate tax rate to be reduced on foreign companies from 40 to 35 per cent..."