Explore what the salaried class wants and has pinned their hopes on in this Budget 2024.
Budget 2024 may provide tax relief measures for salaried individuals, including increased deductions and exemptions under the new tax regime.
Salaried individuals expect the standard deduction limit to increase from ₹50,000, providing more disposable income.
HRA exemption calculations may change, considering cities like Bengaluru, Gurgaon, and Hyderabad as metros.
Clarity on taxing work-from-home benefits is expected, addressing reimbursements for home office setups.
The tax-free value of food provided by employers may increase from ₹50 per meal to match rising food prices.
The exemption limit for child education allowance may increase, aligning with the rising cost of education.