In Kentucky, more than 352,000 workers and families received about $967 million total in EITC for tax year 2023.
FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.
All eyes are now on the upcoming Union Budget scheduled for February 1, 2025. Analysts believe that the budget will be ...