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PremiumBudget 2024 Political Reactions Live Updates: Union Finance Minister Nirmala Sitharaman on July 23 is presenting her seventh consecutive Budget. While presenting the Union Budget, FM Sitharaman announced significant changes in personal income tax rates for the fiscal year 2024-25 to reduce the tax outgo of the masses. The Finance Minister has provided relief to taxpayers by revising the income tax slabs for the current fiscal year. Under the new regime, individuals will continue to pay no tax on incomes up to ₹3 lakh, mirroring the previous year's structure.
The Finance minister during her speech also announced that government will provide ₹11.11 lakh crore towards capex for 2024-25. The government will provide financial support for loans up to ₹10 lakh for higher education in domestic institutions. Presenting the budget for 2024-25, she said e-vouchers for this purpose will be given directly to one lakh students every year with interest subvention of 3 per cent of the loan amount.
Catch LIVE Updates on Income Tax here
All the Union Budget documents, including the Annual Financial Statement (commonly known as the Budget), Demand for Grants (DG), and Finance Bill, as prescribed by the Constitution, will be available on the "Union Budget Mobile App" for hassle-free access to budget documents by Members of Parliament (MPs) and the public.
The app is bilingual (English and Hindi) and available on both Android and iOS platforms. The app can also be downloaded from the Union Budget Web Portal (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, Corporate Reactions.
