Act 2024-25 Budget Live. The act is an attempt to make the government adhere to a phased plan to reduce fiscal deficit, which denotes an excess of expenditure over. The budget also proposed a slew of tax simplifcation measures including a complete review of the income tax act, decriminalisation of late payment of tax deducted at source (tds).
Budget 2024 income tax live: Fiscal responsibility and budget management act.