When will the revised budget changes for FY 2024-25 take effect?

Created by Product Content Team, Modified on Wed, 14 Aug at 12:15 PM by Product Content Team


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


Click here to subscribe to our help videos  

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.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article