{"id":49191,"date":"2024-07-23T21:34:53","date_gmt":"2024-07-23T16:04:53","guid":{"rendered":"https:\/\/yanamtakshashila.com\/?p=49191"},"modified":"2026-03-23T16:46:18","modified_gmt":"2026-03-23T11:16:18","slug":"finance-budget-of-india-2024-highlights","status":"publish","type":"post","link":"https:\/\/yanamtakshashila.com\/?p=49191","title":{"rendered":"FINANCE BUDGET OF INDIA – 2024 – HIGHLIGHTS"},"content":{"rendered":"\n

On 23-07-2024, Finance Minister Nirmala Seetharaman presented India’s Finance Budget for 2024-25 for record 7th time.<\/p>\n\n\n\n

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Click to access bh1.pdf<\/a><\/p>\n<\/div><\/figure>\n\n\n\n

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  • \u200bAllocation to NHAI retained at \u20b91.68 lakh crore for FY25\u200b<\/li>\n\n\n\n
  • \u200bKhelo India gets lion\u2019s share of Budget allocation for sports\u200b<\/li>\n\n\n\n
  • \u200bGovt proposes \u20b926,000 crore for various road projects in Bihar\u200b<\/li>\n\n\n\n
  • \u200bDefence budget pegged at \u20b96.21 lakh crore for 2024-25\u200b<\/li>\n\n\n\n
  • \u200bGovt slashes import duty on mobile phones, chargers, some components\u200b<\/li>\n\n\n\n
  • \u200bFM says will evolve solution on New Pension Scheme to address relevant issues\u200b<\/li>\n\n\n\n
  • \u200bFM cuts customs duty on lithium, cobalt for energy transition\u200b<\/li>\n\n\n\n
  • \u200bUnion Budget pledges \u20b915,000 crore for AP capital Amaravati\u200b<\/li>\n\n\n\n
  • \u200bCustoms duties on gold, silver slashed to 6 per cent in Budget 2024-25\u200b<\/li>\n\n\n\n
  • \u200bJobs for youth, tax rejigs for salaried class\u200b<\/li>\n\n\n\n
  • \u200bGovt to abolish angel tax on investments in startups\u200b<\/li>\n\n\n\n
  • \u200bCustoms duty on gold, silver cut to 6%\u200b<\/li>\n\n\n\n
  • \u200b\u20b95,000 monthly internship allowance announced for 1 crore youth\u200b<\/li>\n\n\n\n
  • \u200bFM allocates \u20b91.52 lakh cr for agri, allied sectors\u200b<\/li>\n\n\n\n
  • \u200bBudget provides \u20b91.48 lakh cr for education, employment, skill\u200b<\/li>\n\n\n\n
  • Those under the new tax regime, have been given relaxation in the standard deduction limit from Rs 50,000 to Rs 75,000 while the deduction on family pension for pensioners has been enhanced from Rs Rs 15,000 to Rs 25,000\/-<\/li>\n\n\n\n
  • 3 crore additional houses under PMAY have been announced<\/li>\n\n\n\n
  • 20% tax on STCG ( Previously it was 15%)<\/li>\n<\/ul>\n\n\n\n

    The revised tax rate under the New Tax Regime is as follows: – \u20b90-3 lakhs – NIL – \u20b93-7 lakhs – 5% – \u20b97-10 lakhs – 10% – \u20b910-12 lakhs – 15% – \u20b912-15 lakhs – 20% – Above \u20b915 lakhs – 30%<\/p>\n","protected":false},"excerpt":{"rendered":"

    On 23-07-2024, Finance Minister Nirmala Seetharaman presented India’s Finance Budget for 2024-25 for record 7th time. The revised tax rate under the New Tax Regime is as follows: – \u20b90-3 lakhs – NIL – \u20b93-7 lakhs – 5% – \u20b97-10 lakhs – 10% – \u20b910-12 lakhs – 15% – \u20b912-15 lakhs – 20% – Above […]<\/p>\n","protected":false},"author":187055548,"featured_media":49195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[711788007],"tags":[],"class_list":["post-49191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget"],"yoast_head":"\nFINANCE BUDGET OF INDIA - 2024 - HIGHLIGHTS - YANAMTAKSHASHILA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yanamtakshashila.com\/?p=49191\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FINANCE BUDGET OF INDIA - 2024 - HIGHLIGHTS - YANAMTAKSHASHILA\" \/>\n<meta property=\"og:description\" content=\"On 23-07-2024, Finance Minister Nirmala Seetharaman presented India’s Finance Budget for 2024-25 for record 7th time. 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