Budget 2024 Highlights On Income Tax. As the budget 2024 draws closer, let us have a look at the key highlights and changes that the budget of 2023 offered. Income tax slab budget 2024 highlights:
He’s floated the idea of chopping the 21% corporate tax rate to 15%, in addition to no taxes on tips and social security income. Project 2025 proposes to “simplify” the tax code by collapsing the complex system into two tax brackets — 15 percent and 30 percent — while eliminating most.