Personal Income Tax Changes in Budget July 2024

Can government change the personal income tax rules for the assessment year 2024-25 in the budget of July 2024? If yes, how likely is it if the existing government continues?

Hey @Shiv_Katira,

Mostly when changes in income tax are announced, they are made prospectively. As filing for AY 24-25 has already begun, if any changes are announced in the budget, they are likely to take effect from next AY onwards.

Thank you!