Union Budget 2024: Central Government Ministers to Hold Press Conferences Across the Country | ABP News

Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday, aiming to address the needs of all income groups. Major highlights include an increase in the standard deduction, offering relief to taxpayers, though short-term and long-term capital gains tax hikes and the removal of indexation benefits may cause some disappointment. For the salaried class and pensioners, benefits include a ₹17,500 annual savings for the salaried and a ₹25,000 family pension deduction, affecting around 40 million people. The budget also includes incentives for staff training, reduced corporate taxes for foreign firms, cheaper education loans, and doubled microfinance loans. Other measures include price reductions on cancer drugs, mobile phones, and gold, elimination of angel tax, and a plan to expedite income tax-related legal cases.