Smartphone Brands Anticipate 3% Increase in Shipments Due to Tax Relief for Middle Class

  • The government has revised income tax slabs for FY24, proposing an increase in the income eligible for rebate from Rs 5 lakh to Rs 7 lakh per annum, and a reduction in the maximum surcharge for the highest income brackets.
  • Smartphone brands are expecting a 3% rise in shipments due to the tax relief for the middle class.


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