A budget is a financial plan that outlines expected income and expenses over a specific period.
Budget changes involve adjustments made to this plan to address new priorities or unforeseen circumstances.
The revised budget changes for the FY 2024-25 include revised tax slabs, an increase in the Standard Deduction, and NPS contribution limits. These changes will automatically take effect from the August 2024 payroll.
However, the admins can select a different effective payroll month if needed. Learn how to defer the payroll month by clicking here.
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Related Links:
Video- To watch the video on Admin portal, click here.
FAQs: To read more about Budget changes for FY 2024-25, click here.
Documentation:To learn more about the recent Budget changes for FY 2024-25, click here.
Product Update- To read about the product update, click here.
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