Aaj Ka Panchang, July 24, 2024: Jayaparvati Vrat Ends and Gajanana Sankashti Chaturthi will be celebrated today.

Does this Budget leave you richer or poorer? The answer depends on your income level, which income tax regime you opt for, and how much and where you have invested.n For anybody with annual income of Rs 10 lakh or more, changes made by the FM in tax slabs under the new regime and the enhanced standard deduction mean a net gain of Rs 17,500 annually. Since a reduction in your tax also means health and education cess goes down, you save another Rs 700 (4% of Rs 17,500) to take the total savings to Rs 18,200.

Sweeping changes in direct taxes gave the urban middle class plenty of reason to cheer, but also hit the wallets of others. The clear plus is in the form of an increase in standard deduction under the new regime for salaried employees from Rs 50,000 to Rs 75,000, which saves Rs 7,500 a year for those with annual incomes of Rs 10 lakh or more.