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PremiumIncome Tax Budget 2024 Highlights: Finance Minister Nirmala Sitharaman presented Budget 2024 on July 23. The FM announced a marginal income tax relief for the middle class. Sitharaman raised the standard deduction -- a flat deduction from the total salary earned by an employee in a year before calculating the applicable income tax rate -- by 50 per cent to ₹75,000 and tweaked tax slabs for taxpayers opting for the new income tax regime.
Commenting on the budget, Prime Minister Narendra Modi said it "will act as a catalyst in making India the third-largest economy in the world (from fifth largest today) and will lay a solid foundation for a developed India".
How to access Budget 2024 documents:
You can view the Budget 2024 through the Union Budget Mobile App, available on Android and iOS platforms. The Budget speech documents is accessible on the web portal at www.indiabudget.gov.in.
Read the latest news on Budget 2024 with our live coverage on the Income Tax Slab, Impact on Share Market, Budget Key Highlights, and Corporate Reactions.
