Income Tax Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman will present Budget 2024 today, July 23. This marks her seventh consecutive budget presentation, following an interim budget earlier due to the 2024 Lok Sabha Polls, which saw no significant announcements. The salaried class in India eagerly awaits the PM Modi-led government to announce relief through tax cuts or increases in income tax slabs. Expectations range from raising the standard deduction limit to adjusting income tax slabs to lighten taxpayers’ financial burdens.
23 Jul 2024, 10:51:10 AM IST
Budget 2024 Live Updates: Cabinet clears Budget 2024
Budget 2024 Live: PTI reported, The Union Cabinet headed by Prime Minister Narendra Modi has approved the full budget for 2024-25, citing sources.
PM in Parliment, Ahead of the presentation of Union Budget by Finance Minister Nirmala Sitharaman.
23 Jul 2024, 11:04 AM IST
Nirmala Sitharaman come to present speech.
youth, farmer and poor people are focus on this budget. She is expected to announce a swarth of allocations and initiatives, including income tax relief for individuals and corporates.
23 Jul 2024, 11:07 AM IST
9 priority for next 5 year:
- productivity and agriculture
- employment and skilling
- include human resouce social justice
- manufacturing and services
- urban developmant
- energy securities
- infratructure
- inovaion reserch and devlopment
23 Jul 2024, 11:17 AM IST
Financial support for farming, processing and export also foucus for next 5 years. 1.52 lakh crore rupees for agriculture. also priority for employment and skills. Infrastructure and Agriculture are focused.
Budget 2024 Live Updates: FM Sitharaman on Direct Benefit Transfer of ₹15,000 for new workers.
they also launched some scheme for employ.
Highlights from Budget 2024 Live
- The government will bring 3 incentive schemes for providing employment…
- 1.48 lakh crore allocation for education and skill development…
- Focus on agriculture and infrastructure…
- A working hostel will be built for women in collaboration with industries.
- 2 lakh crore package announced for employment….
- More focus on producing agricultural produce with less loss due to monsoons….
- Mundra loan limit increased from 10 lakhs to 20 lakhs.
- Industrial parks will be created in 100 cities.
- Announcement of CRITICAL MINERAL scheme…
- Under this scheme, property will be bought abroad…
- Scheme of Government Offshore and Mining Block Auction…
- 10 lakh crore announced for PM urban housing plan…
- A new policy will be introduced for energy transmission.
- PM Suryaghar muft bijli yojana: Rooftop solar for houses to get 300 units every month.
- Plan for CAPEX of 11.11 lakh crore for FY 2025…
- 11,500 crore financial assistance for irrigation projects.
- Planning of special schemes to promote religious tourism.
- 1000 Crore VC FUND Announced for SPACE ECONOMY…
- Plan for CAPEX of 11.11 lakh crore for FY 2025…
- 11,500 crore financial assistance for irrigation projects.
- Planning of special schemes to promote religious tourism.
- 1000 Crore VC FUND Announced for SPACE ECONOMY…
- HUGE INVESTMENT ON INFRA SECTOR 3.4% OF TOTAL GDP…
- 48.2 lakh crore total expenditure announced for FY 2025…
- The government will borrow a total of 11.63 lakh crores in FY 2025.
- Customs duty rules will be changed to promote local manufacturing.
- Customs duty on mobile parts reduced to 15%
- Reduction in customs duty on 25 critical minerals…
- Reduction in customs duty on sheep and fish food also.
- Reduction in customs duty on GOLD…
- Government to partner with private sector for nuclear energy…
- Customs duty on gold reduced from 15% to 6%.
- CAPEX provision of 11.11 lakh crore for INFRA…
- Customs duty hiked to 15% on limited telecom equipment
- STCG (Rate of SHORT TERM CAPITAL GAIN 20%…..(Negative for stock market)
- CAPITAL GAIN ON UNLISTED BONDS AND DEBENTURES…
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