Angel Tax Abolition, Internship Opportunities In Top Firms: Key Takeaways Of Budget 2024

The government has unveiled a plan to create job opportunities for approximately 4.1 crore youths over the next five years.

The government has announced a scheme for providing internship opportunities to 1 crore youths in the top 500 companies over five years.

To boost women’s workforce participation, the Budget promises setting up of creches, among other initiatives.

Three more cancer medicines have been exempted from customs duties.

This year, Rs 1.48 lakh crore has been allocated for education, employment, and skilling.

The government has allocated Rs 1.52 lakh crore for agriculture & allied sectors this financial year.

Under the new income tax regime, the standard deduction for salaried employees has been increased to Rs 75,000 from Rs 50,000.

Customs duties on gold and silver have been reduced to 6%.

The angel tax has been abolished for all classes of investors.