No Sales Tax Day 2024 India. Nris must file tax returns in india if their total annual income exceeds rs 2.5 lakh under the old regime or rs 3 lakh under the new regime. The new tax regime is further simplified and the.

India’s finance ministry has clarified that there will be to the income tax regime (new and old) in the new financial year starting april 1, 2024 (fy 25). Please note that on august 6, 2024, the govt proposed to bring back indexation benefit to properties (land and building) that were acquired before july 23,.