Direct Tax Demand Up To Rs 25,000 To Be Withdrawn. See Key Details

9 months ago 12

The Centre will not pursue taxpayers to recover old and disputed direct taxes up to Rs 25,000 till the financial year 2009-10, Finance Minister Nirmala Sitharaman said in her interim Budget 2024 speech today.

Direct taxes demand up to Rs 10,000 from the financial years 2010-11 to 2014-15 will also be withdrawn, she said.

"This will benefit about one crore taxpayers," Ms Sitharaman said.

She did not make changes to tax slabs in the interim Budget in keeping with convention.

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