Key Highlights from Union Budget 2024-25
Tuesday, 23 July 2024, 15:40
Union Budget 2024-25 Highlights
The Union Budget 2024-25 announced several key initiatives to enhance employment and education:
Increased Standard Deduction
- The standard deduction for salaried employees will rise from ₹50,000 to ₹75,000.
Focus on Education and Employment
- A total of ₹1.48 lakh crore is allocated for educational initiatives and employment-linked incentives.
- Strategies will be implemented to boost skill development in various sectors.
In conclusion, the 2024 budget demonstrates the government's commitment to enhancing the economic landscape by prioritizing education and job creation, thus providing greater support to employees in the new tax regime.
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.