Budget 2024 Income Tax Slabs Highlights: No change in income tax rates and slabs – Finance Minister, Nirmala Sitharaman Budget 2024 Tax Slabs Highlights: While presenting the interim budget, the country’s Finance Minister Nirmala Sitharaman said that under the Ayushman Bharat scheme, health cover will also be given to Asha, Anganwadi workers and maids. He said that Lakhpati Didi will be promoted. This time it is expected that there may be a separate tax slab for women. Stay connected with us for all the latest updates on the budget.
Budget 2024 Income Tax Slab Highlights: On February 1, the country’s Finance Minister Nirmala Sitharaman has presented the interim budget. From this interim budget, taxpayers were expecting that the government was going to make some big announcement to reduce the tax burden. But no changes have been made in the tax slab by the government . Finance Minister Nirmala Sitharaman said that
Budget 2024 Income Tax Live: Tax collection increased three times in 10 years
Finance Minister Nirmala Sitharaman said, the fiscal deficit is estimated to be 5.1 percent. The expenditure is Rs 44.90 crore and the estimated revenue is Rs 30 lakh crore. Income tax collection has increased three times in the last 10 years.
Budget 2024 Income Tax Live: No major announcements in the interim budget
Finance Minister Nirmala Sitharaman had indicated even before the presentation of the interim budget, that there will be no special announcements in this time’s budget. Still, every sector had high expectations. At present, Sitharaman has also continued the tradition of interim budget. No populist announcements are made in the interim budget. This is the reason why the government has refrained from making any kind of announcements. However, corporate tax has been reduced to 22 percent.
Budget 2024 Income Tax Live: Tax dues up to Rs 10,000 waived
Finance Minister Nirmala Sitharaman has made a big announcement on 10 year old tax. He has said that 10 years old tax dues up to Rs 10,000 will be waived off. readfull newsIn detail…
Budget 2024 Income Tax Live: No change in tax slab and tax regime
Finance Minister Nirmala Sitharaman has not given any relief to the common taxpayers of the country. There has been no change in the tax slab and tax regime. This means that you will have to pay income tax at the same rate at which you are paying tax.
Budget 2024 Income Tax Live: People’s expectations will be fulfilled by economic policies
Finance Minister Nirmala Sitharaman said that the government will adopt such economic policies that will meet the expectations of the people. Will work closely with states to effectively implement economic policies. The government’s target of building 3 crore houses has been achieved and the target is to build 2 crore more houses in the next 5 years. Under the Roof Top Solar Scheme, 300 units of electricity will be provided free to the people.
Budget 2024 Income Tax Live: Saving of Rs 2.7 lakh crore by depositing money in Jan Dhan accounts
Finance Minister Nirmala Sitharaman said that Rs 2.7 lakh crore has been saved by depositing money in Jan Dhan accounts. The Modi government has made arrangements so that all states and sections of the country can collectively benefit from the country’s economic progress. The financial sector is being made stronger. The difficult challenges related to inflation in the country are being overcome.
Budget 2024 Income Tax Live: Asha, gift for Anganwadi workers
Finance Minister Nirmala Sitharaman said that under the Ayushman Bharat scheme, health cover will also be given to Asha, Anganwadi workers and maids. He said that Lakhpati Didi will be promoted. It has been decided to increase the salary from Rs 2 crore to Rs 3 crore. There has been a change in the lives of 9 crore women. Self-reliance has come from Lakhpati Didi. Till now one crore women have been made Lakhpati Didi.
Budget 2024 Income Tax Live: Loans worth Rs 22.5 lakh crore given under PM Mudra Yojana
Finance Minister Nirmala Sitharaman said that 7 IITs, 16 IIITs, 15 AIIMS and 7 IIMs were opened in the country. Loans worth Rs 22.5 lakh crore given under PM Mudra Yojana. 54 lakh people were re-skilled. There has been a big reform in women empowerment in last 10 years. 70% of the houses in PM residence were given to women. The country’s economy is better. Investment has increased. Inflation has reduced and the economy has improved. All projects are being completed on time. There has been a 50% increase in average household income. The government has worked on ‘CITIZEN FIRST’. The tax scope has been increased. Digital, social infra has been ready on record time. Global capital inflow through GIFT IFSC has improved.
Budget 2024 Income Tax Live: 25 crore people came out of poverty line
Finance Minister Nirmala Sitharaman said that in the last 10 years, 25 crore people have come out of the poverty line. 78 lakh vendors have got help from PM Swanidhi. Rs 34 lakh crore has been transferred directly through Jan Dhan. He said that the goal of ‘Sabka Saath’ will benefit 95 crore people.
Budget 2024 Income Tax Live: Will make India a developed country by the year 2047
Union Finance Minister Nirmala Sitharaman said that there has been a lot of change in the Indian economy in recent times. When PM Modi took power in 2014, there were many challenges. Many programs and schemes were made in the interest of the public so that the economy could be strengthened and people could get employment. There has been talk of development of all for all categories and people. By 2047 we will make India a developed country.
Budget 2024 Income Tax Live: Will standard deduction increase under the new tax regime?
Will Finance Minister Nirmala Sitharaman please salaried taxpayers and pensioners by increasing the standard deduction in the new tax regime? However, giving tax breaks in the new tax regime will set back this objective of easy tax structure. Many challenges will be seen due to increase in standard deduction. There is a flat deduction for salaried taxpayers and pensioners. For this, taxpayers do not have to submit any document to avail the benefit of deduction.
Budget 2024 Income Tax Live: Focus on farmers, poor and women
The government is providing free food grains to about 80 crore people. Efforts have been made to provide housing, power and water to every house. Our aim is to develop the country by 2027. The government has tried to increase the income of farmers by increasing the MSP. The government’s focus has consistently been on poor, women and youth empowerment. The welfare of the poor will lead to the welfare of the country. Therefore, the focus of this government has been on the poor class. 78 lakh vendors have got help from PM Swanidhi Yojana. Rs 34 lakh crore has been transferred directly to bank accounts through Jan Dhan. 25 crore people have been taken out of poverty in 10 years.
Budget 2024 Income Tax Live: Big change in the country’s economy
The Indian economy has seen a big change in the last 10 years. The people of the country are looking at the future with hope. The vision of the second term of our government has been Sabka Saath, Sabka Vishwas. This country with young population has its own hopes. The government has taken many steps for rural development. The government’s focus has been on inclusive development. Concern about food has reduced in the country. The rural economy has increased. The government is preparing to make India a developed India by the year 2047.
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