BUDGET 2024

Tax Slabs

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Standard Deduction Increase

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Corporate Tax

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Manufacturing Boost

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Ease of Doing Business

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Healthcare and Education

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Infrastructure Development

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Rural Infrastructure

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Agri-Tech Initiatives

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BUDGET 2024

KEY THINGS TO EXPECT FROM THE FINANCE MINISTER

Tax Slabs

Basic exemption limit is 3 lakh in the new tax regime; adjustments aimed at reducing the overall tax burden.

Standard Deduction Increase

Potential rise from ₹50,000 to 1 lakh, simplifying tax calculations and increasing disposable income for salaried employees.

Corporate Tax

Possible changes impacting businesses; expected incentives for startups and SMEs.

Manufacturing Boost

Expansion of the production-linked incentive scheme to more sectors to promote domestic manufacturing and reduce import dependence.

Ease of Doing Business

Simplified regulations, digitization of processes, and significant infrastructure announcements to improve business operations in India.

Healthcare and Education

Likely increased allocations, potential Investments in medical colleges, and digital Initiatives to enhance education quality.

Infrastructure Development

Major investments in roads, railways, and urban development, creating jobs and driving economic growth. Focus on renewable energy and green projects.

Rural Infrastructure

Investments in roads, irrigation, and storage facilities to boost agricultural productivity and connectivity.

Agri-Tech Initiatives

Support for agri-tech startups and modern farming techniques to help farmers increase yields and income.