Union Budget 2024: Finance Minister Nirmala Sitharaman can make this big announcement regarding the budget account, these people will get the benefit
The first budget of the third term of the Narendra Modi government at the Center is likely to be presented by Finance Minister Nirmala Sitharaman this month. In this, many reliefs can be given to the taxpayers by the Central Government. Taxpayers can also get relief regarding the savings account. According to the news, the Modi government at the Center is now preparing to give a gift regarding tax on the interest income received from banks on savings accounts.
According to the news, people can be given the benefit of a deduction in this budget on an income of up to Rs 25 thousand from interest on a savings account. The government has received a proposal in this regard, which is being assessed. It has been said that the Central Government should increase the tax-deductible amount on the income from the interest of the savings account.
This proposal has been put forward in the meeting of Finance Ministry officials.
According to reports, in the meeting of Finance Ministry officials last week, a proposal was put forward by the banks to increase the tax benefits on the interest earned on savings accounts. In this regard, government officials said that the proposal of the banks is still being reviewed. The final announcement in this regard can be made in the budget. If Finance Minister Nirmala Sitharaman decides in this regard in the budget, then it can benefit both the common taxpayers and the banks.
Follow our Whatsapp Channel for latest update
