Budget 2024: No change in tax regime this year; check old, new tax slabs
Budget | February 01, 2024 13:50 ISTThe finance minister proposed to retain the same direct and indirect tax rates, including import duties.
The finance minister proposed to retain the same direct and indirect tax rates, including import duties.
The schemes aim to support slum dwellers and individuals living on rent, enabling them to purchase or construct their own houses.
The finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.
The fiscal deficit target for the financial year 2024-2025 has been set at 5.10 per cent of GDP.
Sitharaman also holds the record for the longest budget speech in India's history, when she spoke for 2 hours and 42 minutes in 2020.
While presenting the pre-election Budget for 2024-25 in the parliament, the finance minister said that the Skill India mission has empowered 1.4 Crore Youth, Upskilled 54 Lakh youth and Propelled Innovation with 3,000 New IITs.
The minister said that over the past decade, the Indian economy has undergone a positive transformation.
Budget 2024: The finance minister Nirmala Sitharaman is expected to maintain fiscal prudence while providing incentives for sectors like agriculture and the engines of the economy to stimulate job creation and consumption.
Budget 2024 Live Streaming: The budget to be presented will be a vote-on-account, with a full-fledged budget slated for post-Lok Sabha elections in 2024.
Union Budget 2024: The Economic Survey is an annual report analysing the performance of the economy over the past year and offering insights into its prospects.
The revised rate will be applicable to critical components used in mobile phone assembly, including battery covers, main lenses, back covers, and other mechanical items made of plastic and metal.
The economy grew 7.80 per cent and 7.60 per cent during the April-June and July-September quarters of the FY24, respectively.
The commission will be chaired by former vice chairman of Niti Aayog Arvind Panagariya, whose members will be assisted by Secretary Ritvik Ranjanam Pandey, two joint secretaries, and one economic advisor
Union Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the budget for FY25 on February 1.
The Chairman of the National Council for Micro, Small, and Medium Enterprises (MSMEs) Associated Chambers of Commerce and Industry of India (ASSOCHAM), Chairman Manguirish Pai Raiker said that the government will come up with health & education. watch the video to know more!
Sharing his expectations from the upcoming Interim Budget 2024, Wonderchef CEO and Founder Ravi Saxena said that the government should work on manufacturing Integrated Circuits. Watch the video to know more!
Sitharaman spoke for two hours and 17 minutes in her first budget speech for the year 2019-2020.
The Budget session will commence with the address of President Droupadi Murmu on January 31 and subject to the exigencies of government business, the session may conclude on February 9.
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to announce her sixth budget on February 1, which will be an interim budget or a vote-on-account.
The luxury car segment currently has a GST slab of 28 per cent, with additional cess on sedans and SUVs, resulting in a total tax incidence of up to 50 per cent.
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