The Union Finance Minister Nirmala Sithraman is set to present the Union Budget 2024 today. This year will be Sitharaman’s seventh Budget after 2019, 2020 and 2021, 2022, 2023 and 2024(Interim Budget). Just like last year, this year too Sitharaman will ditch the traditional ‘bahi-khata’ and carry a tablet to deliver a paperless budget.
New Tax Regime- Nil income tax on income from 0 to3 Lakhs
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3 lakhs to 7 Lakhs – 5%
7- to 10 Lakhs- 10%
10-12 Lakhs- 15%
12- 15 Lakhs- 20%
Above 15 Lakhs- 30%
Persons opting New Tax Regime: Rs. 75,000 Standard Deduction to Salaried Class
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024-25: FM Proposes to Reduce Corporate Tax Rate on Foreign Companies from 40% to 35% to Attract Foreign Capital
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Non-Reporting of Foreign Assets to be Penalized: Budget 2024
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Budget reduces Corporate Tax Rate on Foreign Companies
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Budget 2024 to abolish Angel Tax
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Budget 2024 – 25:Expand Scope of Safe Harbour Rule for International Taxation
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Litigation and Appeals: More officers to be deployed for disposal of tax disputes, Increase monetary limits for Tax disputes
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Budget 2024-25: FM proposes Merging of 2 Tax Exemption Regimes to One for Charities
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Standard Operating Procedure to be implemented for TDS defaults, Decriminalization of TDS defaults
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TDS Rates for E-Com operators to be reduced to 0.5%: Budget 2024
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Budget 2024 proposes Comprehensive Review of Income Tax Act, to be completed in 6 months #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024: BCD on Electronics Removed #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Customs Duty on Gold and Silver reduced to 6% 6.5% on Platinum #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024 – 25: FM Proposes To Reduce Customs Duty on Fish Feeds #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Customs Duty Reduced on Solar Sets and Panels, Marine Products, Selected Fish Products, Leather and Textiles
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Customs Duty to be Removed on Selected Minerals: FM
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BCD on Mobile Phones to be Reduced: FM #BudgetSession2024
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Customs Duty on Medical Equipments to be Reduced: FM
— Tax Scan (@tax_scan) July 23, 2024
Budget proposes elimination of Customs Duty on Three Medicines: FM
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Customs Duty to be rationalized, Reduced: FM
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Customs Duty to be structurized to promote domestic industry: FM #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Union Budget 2024 – 25 : Taxonomy for Climate Finance, Announces FM #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Union Budget 2024-25: ₹10 Lakh Crore Investment to Address Housing Needs of 1 Crore Urban Poor and Middle-Class Families, Announces FM #BudgetSession2024
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Budget 2024: Finance Minister Proposes Stamp Duty Hike, Special Rates for Female Property Buyers #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Stamp Duty Enhancement to be Encouraged, Lower Stamp Duty for property purchased by Women: FM #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024: FM Proposes Integrated Technology Platform for IBC #BudgetSession2024
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udget 2024: FM Proposes New Mechanism to Support MSMEs with Continued Bank Credit During Stress Period #UnionBudget2024
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024-25: FM proposes Additional Tribunals for NCLT, Major IBC Reforms 3.3 Lakh Crore recovered in Insolvency as per IBC #UnionBudget2024
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Budget proposes Amendments to IBC #UnionBudget2024
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Budget 2024 : E-Vouchers for Up to Rs. 10 Lakh Loans to Aid 1 Lakh Students Annually #BudgetSession2024
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Budget 2024: 3 New Schemes Announced for Employment Linked Incentive #BudgetSession2024
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Budget FY2025: FM proposes Rs. 500 Cr for Top Companies as Internship Allowance to Enhance Opportunities #BudgetSession2024
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Budget 2024-25 : Education loans of Rs 10 lakhs for students announces FM #BudgetSession2024
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Budget 2024-25: More than 100 Branches of India Post Payments Bank will be set up in North-East Region, says FM #UnionBudget2024
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Limits of Mudra Loans Enhanced to Rs. 20 Lakhs: FM #Budgetscan #UnionBudget2024 #NirmalaSitharaman
— Tax Scan (@tax_scan) July 23, 2024
Budget 2024-25: Core inflation currently at 3.1%, says FM Nirmala Sitharaman #UnionBudget2024
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Government to facilitate implementation of Digital Public Infrastructure (DPI) in agriculture, in partnership with the states #BudgetScan #NirmalaSitharaman #UnionBudget2024
— Tax Scan (@tax_scan) July 23, 2024
Union Budget 2024-25 Focuses on 9 Priorities for Generating Opportunity, says FM #BudgetSession2024
— Tax Scan (@tax_scan) July 23, 2024
Rs. 2 Lakh Crore Allocated for 5-Year Employment and Skilling Initiatives #UnionBudget2024
— Tax Scan (@tax_scan) July 23, 2024
Union Finance Minister Nirmala Sitharaman says "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, women, youth and the farmer/ For farmers, we announced higher Minimum Support Prices for all major crops delivering on the promise for at least a…
— Tax Scan (@tax_scan) July 23, 2024
Union Budget 2024 focuses on Employment, Skilling: FM #UnionBudget2024
— Tax Scan (@tax_scan) July 23, 2024
Union FM presents Budget 2024 #BudgetScan #Budget2024
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Union Cabinet headed by PM Modi meets in Parliament to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman. #BudgetScan #Budget2024
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Union Finance Minister@nsitharaman
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arrives at Parliament to present Union Budget 2024
PM Modi arrives in Parliament, ahead of the presentation of Union budget by Finance Minister Nirmala Sitharaman #Budget2024 #BudgetScan
— Tax Scan (@tax_scan) July 23, 2024
Union Cabinet headed by PM Modi meets in Parliament to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman. #BudgetScan #Budget2024 #BudgetLive
— Tax Scan (@tax_scan) July 23, 2024
Finance Minister Nirmala Sitharaman arrives in Parliament to present Union Budget 2024 #BudgetScan #Budget2024 #BudgetLive pic.twitter.com/pRWZOuzi9N
— Tax Scan (@tax_scan) July 23, 2024
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