Top Highlights

• Budget 2024 Key Highlights
• Finance Minister Nirmala Sitharaman presented her seventh straight Budget on July 23, 2024 for the fiscal 2024-25, surpassing the record of former Prime Minister Morarji Desai.
• fiscal deficit projection at 4.9% with a commitment to reducing it down to 4.5%.
• Standard deduction for salaried employees hiked to ₹75,000, from ₹50,000 under the new income tax regime
• The limit on employee contribution to pension has been increased to 14% from 10%.

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