2024 Budget Kpmg. Doubling standard deduction to rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm. Kpmg international reported that annual aggregated revenues of its member firms around the world grew 5.1% for the 2024 fiscal year.
From 1 november 2024 the energy profits levy will increase to 38 percent from 35 percent with the investment allowance abolished and the rate of the decarbonisation allowance set at 66. Over the longer term, to keep control of our public finances, hard decisions will need to be made about cutting spending.
