Union Budget 2024-25: Key Highlights and Live Updates
Live Updates from Finance Minister Nirmala Sitharaman
The Union Budget 2024-25 was presented in the Lok Sabha today by Finance Minister Nirmala Sitharaman. This budget marks the first major economic document of Prime Minister Narendra Modi's third term in office. Stay tuned for live updates on the latest India News on Budget 2024, including Income Tax Live Updates, stock market reactions, and key highlights.
Income Tax Slab Rate Changes
Finance Minister Nirmala Sitharaman has announced changes to the income tax slab rates. The new rates are as follows:
- Income up to Rs. 5 lakhs: No tax
- Income between Rs. 5 lakhs and Rs. 10 lakhs: 10%
- Income between Rs. 10 lakhs and Rs. 20 lakhs: 15%
- Income between Rs. 20 lakhs and Rs. 30 lakhs: 20%
- Income above Rs. 30 lakhs: 30%
These changes will provide significant tax relief to middle- and lower-income taxpayers.
Conclusion
The Union Budget 2024-25 is a comprehensive economic roadmap that outlines the government's vision for the next year. The budget focuses on economic growth, job creation, and inclusive development. The announcements made by Finance Minister Nirmala Sitharaman will have a positive impact on the lives of millions of Indians and will help to strengthen the nation's economy.
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