Budget 2024 highlights: Key income tax, personal finance announcements

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 today. This budget is significant as it marks the first full-year budget of the newly re-elected government. There are high expectations that Sitharaman will unveil a range of measures to ease the financial pressures on middle-class taxpayers.

Many middle-class taxpayers eagerly anticipate an increase in the standard deduction and the basic exemption limit in Bugdet 2024. They hope that this change will help reduce their overall tax burden, allowing them to retain more disposable income. Experts believe that such a change could significantly impact their financial stability, particularly in the face of increasing living costs.

Also read: Budget 2024 Live Updates Income Tax Changes

Raising the standard deduction limit for hikers, increasing the basic exemption limit in the new tax system, and simplifying the capital gains tax structure are changes that taxpayers and experts eagerly await, as they could benefit the common man.

Stay tuned for all the important income tax-related announcements in Budget 2024.

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 today. This budget is significant as it marks the first full-year budget of the newly re-elected government. There are high expectations that Sitharaman will unveil a range of measures to ease the financial pressures on middle-class taxpayers.

Many middle-class taxpayers eagerly anticipate an increase in the standard deduction and the basic exemption limit in Bugdet 2024. They hope that this change will help reduce their overall tax burden, allowing them to retain more disposable income. Experts believe that such a change could significantly impact their financial stability, particularly in the face of increasing living costs.

Also read: Budget 2024 Live Updates Income Tax Changes

Raising the standard deduction limit for hikers, increasing the basic exemption limit in the new tax system, and simplifying the capital gains tax structure are changes that taxpayers and experts eagerly await, as they could benefit the common man.

Stay tuned for all the important income tax-related announcements in Budget 2024.