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.
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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.
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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.
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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.
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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.
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