Tax Act 2024. Highlights include revised tax slabs, increased deductions, and simplified taxation. The finance act, 2024 intends to change certain enactments, give specific assistance to taxpayers, and maintain the current income tax rates.
Nirmala sitharaman said, “this will provide tax certainty to the tax payers reducing disputes and litigation.” Tuition and fees deduction(tax years 2020 and earlier) to enter your education expenses and qualifications: