The finance minister today announced the Union Budget 2024. When it comes to taxes, in her budget speech, she mentioned that the government’s focus is to simplify taxation. The Union Budget saw some major tax reforms, especially for the investors. However, the personal income tax was not untouched. While there were no surprises or shocks for the people opting for the old tax regime, there were two announcements made for those opting for the new tax regime. The reforms in the Capital Gains Tax Regime and the F&O trades sent the Nifty 50 and Sensex slumping. However, in a major boost to the startups, abolishment of the Angel tax comes as a bold move. Here are the major Tax reform highlights.