Income Tax Amendment Bill 2024 India. Rate of tds on house rent payment of more than rs 50,000 per month cut to 2%. India's union budget 2024 has focused on introducing measures targeting education, employment, skilling, industry 4.0, and the middle class.

The finance (no 2) act 2024 has been notified on 16 th august 2024. Press release, extends various sunset dates, and withdraws small tax demands to enhance taxpayer ease and support education, medical treatment.