Budget 2024 Highlights: Changes by Nirmala Sitharaman
Overview of Budget 2024
The Union Budget 2024, presented by Nirmala Sitharaman, focuses on revising the new tax regime to enhance taxpayers' benefits. Among the key changes is a hike in the standard deduction by Rs 25,000.
Key Changes in Taxation
- The introduction of revised tax slabs aimed at reducing the individual tax burden.
- Increased standard deduction is expected to benefit a large number of taxpayers.
Government Priorities
This year's budget emphasizes various sectors crucial for India's growth:
- Agriculture
- Infrastructure
- Education
- Healthcare
Conclusion
The Union Budget 2024 signifies a proactive approach by the Indian government under Nirmala Sitharaman, aiming for economic growth and better support for its constituents. As these changes are implemented, they are expected to enhance the overall economic environment in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.