Budget 2024: Increased deductions, new tax regime tweaks and everything NRIs need to know

The Economic Times article on Budget 2024 highlights significant changes impacting NRIs. Key updates include increased deductions for investment in specified savings instruments, changes to the new tax regime offering broader exemptions and reduced tax rates, and streamlined tax filing processes. The budget also introduces measures to enhance financial transparency and ease compliance for NRIs. Additionally, NRIs are now allowed to avail of new tax regime benefits on certain income sources, aiming to make taxation more equitable and straightforward.