Important Pointers from Budget 2024 for Middle Class
Important Pointers from Budget 2024 for Middle Class
Increased Standard Deduction
Standard deduction for salaried individuals raised to ₹75,000 from ₹50,000.
Long Term Capital Gains Tax
Long Term Capital Gains tax increased from 10% to 12.5%.
Revised Tax Structure
Tax structure revised under the new tax regime.
No Tax for Income Up to ₹7 Lakh
No tax liability for income up to ₹7 lakh under the new tax regime.
Increased Securities Transaction Tax (STT)
STT on futures increased to 0.02%, and on options to 0.1%.
Reduced Customs Duty
Customs duty reduced on mobile phones, gold, and silver.
Education Allocation
Government allocates ₹1.48 lakh crore for education, employment, and skills.
Healthcare Exemptions
Three cancer treatment medicines exempted from basic customs duty.
Key Takeaways
Budget 2024 provides significant tax relief, boosts education funding, and supports healthcare.
Know The Current Cast Of Kundali Bhagya
Know The Current Cast Of Kundali Bhagya
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