Has Budget 2024 hiked income tax rebate under section 87A in old tax regime
Thu, Feb 1, 2024 12:36 PM

Has Budget 2024 hiked income tax rebate under section 87A in old tax regime

A Flip by Avya Verma
Get it on Google Play
Finance Minister Nirmala Sitharaman has not announced any changes in the tax rebate under Section 87A of the Income-tax Act for the financial year 2023-24. This means that individuals will continue to receive a tax rebate of Rs 12,500 under the old tax regime and Rs 25,000 under the new tax regime. However, filing income tax returns is mandatory for both regimes if gross taxable income exceeds.

More great flips

Price Volume breakout stocks: These stocks likely to be in focus tomorrow

Price Volume breakout stocks: These stocks likely to be in focus tomorrow

📌Easy Trip Planners Ltd witnessed a price-volume breakout with its trading volume at 2.79 crore shares. The stock is currently trading at Rs 31.95. 📌One 97 Communications Ltd observed significant price-volume action with a volume spike of 2.44 crore shares. 📌Mangalore Refinery and Petrochemicals Ltd experienced a price-volume breakout with a trading volume of 2.37 crore shares.

Open Flip
Land prices rise in Chamarajanagar due to high demand

Land prices rise in Chamarajanagar due to high demand

Chamarajanagar district, once labelled backward, is experiencing a surge in land prices. Land prices in Chamarajanagar district have surged, with an acre selling for Rs 22-26 lakh, driven by investments from NRIs, Gulf returnees, and buyers from Kerala and Tamil Nadu, following state land reforms and water conservation initiatives.

Open Flip
AAI examines land parcels for new Srikakulam airport in Andhra Pradesh

AAI examines land parcels for new Srikakulam airport in Andhra Pradesh

A five-member team from the Airport Authority of India visited Srikakulam district to assess suitable locations for a proposed airport, inspecting land parcels in five villages and consulting with officials on resources, water, and population density. The airport initiative was initially proposed by chief minister Nara Chandrababu Naidu during his recent district visit.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon