Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget today – Tuesday, July 23. The Budget for 2024-25 is being considered the action plan for the Modi 3.0 government to outline a roadmap towards India’s development in the next five years.
In a major tax relief for salaried individuals, industry experts are expecting an increase in the basic exemption limits under both the old and new tax regimes. The government may also rationalise the capital gains taxation structure.
Prime Minister Narendra Modi yesterday had said that the Finance Minister will present a strong budget, adding that he will ensure that the government’s guarantees reach the common man.
Nirmala Sitharaman yesterday – on the first day of the Monsoon Session of Parliament – tabled the Economic Survey in Parliament. Ms Sitharaman said FY24 growth is an estimated 8.2 per cent with the economy crossing the 8% mark in three of four quarters. India’s Gross Domestic Product (GDP) is likely to grow at 6.5% to 7% in the current fiscal year amid global challenges, the survey said.
Stay tuned to our live blog as we bring all the relevant developments and updates on Union Budget 2024.
Here Are The Live Updates On Union Budget 2024:
