Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained
Video Credit: Oneindia - Duration: 05:45s - Published
Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained
Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate.
Standard deductions were increased, but details weren't provided.
No changes were made for incomes below ₹3 lakh, the ₹12-15 lakh slab, or incomes above ₹15 lakh.
These adjustments aim to benefit the middle class by potentially reducing their tax burden.
However, the full impact depends on individual financial situations and requires further analysis.
On the Union Budget, EAM Dr S Jaishankar says "The budget presented by FM Nirmala Sitharaman is a very exceptionally important budget as it is the first budget of the third term of the NDA government. The budget is presented at a time when the global situation is very volatile, uncertain, difficult in many ways. What the budget seeks to do is to maintain growth, manage and reduce inflation to ensure that our national capabilities grow and that India's rise and growth are not affected by a negative international environment. So this is a kind of global perspective, really global context in a way of how the budget should be seen."
#foreignministeronbudget2024 #sjaishankaronbudget2024 #budget2024-2025 #oneindia #oneindianews
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On railway budget allocation, Union Railway Minister Ashwini Vaishnav says, "I am thankful to PM Narendra Modi and FM Nirmala Sitharaman. This year, Rs 3694 crore have been allocated for the ongoing railway projects in Jammu and Kashmir. The work is also going on for the new projects... This project is about to be completed soon. In Uttarakhand, Rs 5131 crore have been allocated for the railway projects. The project of Karnaprayag is important for us. It has a 213 km long tunnel. The two Tunnel Boring Machines (TBM) used here are named 'Shiv' and 'Shakti'..."
#budget2024 #railwayallocationinjammuandkashmir #railwayprojectsinJandK #oneindia #oneindianews
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In this video, we bring you the latest updates from Finance Minister Nirmala Sitharaman's Union Budget speech on July 23, highlighting the significant developments for Bihar's historic temples. The Vishnupad Temple in Gaya and the Mahabodhi Temple in Bodh Gaya are set to undergo major transformations into world-class pilgrim and tourist destinations, modeled after the successful Kashi Vishwanath Temple Corridor.
#BudgetWithOneindia #UnionBudget2024 #BiharTemples #VishnupadTemple #MahabodhiTemple #NirmalaSitharaman #Modi3.0 #IndianHeritage #PilgrimageDestinations #CulturalHeritage #Gaya #BodhGaya #UNESCOWorldHeritage
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Union Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha on Tuesday, with significant highlights and proposals aimed at reshaping the economic landscape. The most noteworthy announcement was the introduction of a new tax regime that exempts individuals earning up to ₹3 lakh per year from paying income tax. Watch what has become costlier and cheaper?
#BudgetWithOneindia #PMModi #NirmalaSitharaman #MobilePhones #Minerals #PlasticProducts #PMModiHailsUnionBudget #PMModiHailsBudget2024 #UnionBudget2024 #NirmalaSitharaman #IndianEconomy #BudgetSpeech #PMModi #EconomicSurvey #FinanceMinister #ParliamentSession #HistoricBudget
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