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PremiumBudget 2024 Expectations Highlights: On February 1, 2024, Finance Minister Nirmala Sitharaman is set to present the final Budget under the current Narendra Modi government. Given that this Budget is ahead of the Lok Sabha elections year, it is expected to be an Interim Budget or a Vote on Account. The key question looms: will Finance Minister Nirmala Sitharaman unveil significant relief measures for income tax payers and salaried individuals? Speculations abound regarding potential revisions to income tax slab rates for FY 2025, impacting both the old and the new income tax regimes. Will there be efforts to enhance the attractiveness of the new income tax regime for taxpayers? In the previous year's Budget, FM Sitharaman instituted substantial changes in the new income tax regime, now the default tax structure. Furthermore, a historic capital expenditure was announced to stimulate economic growth. Follow Mint Online for live coverage of Budget 2024 expectations spanning various sectors.
