1.6 Key Points From the New Tax Regime—
- Custom duty on gold and silver jewelry is reduced to 6%.
- The corporate tax rate on foreign companies was reduced from 40 to 35 per cent to attract foreign capital.
- Long-term capital gains tax on Financial assets has been revised to 12.5%.
- TDS rate on e-commerce has been reduced from 1 % to 0.1%.
- Deduction on Family pension for pensioners to be increased from 15000/- to 25000/-.
- Increased the standard deduction under the new tax regime to ₹ 75,000.Â
- Angel tax has been abolished in the budget of 2024-25. It was implemented in 2012.