BUDGET 2024 FOR PROFILES

Feb 01, 2024

syed wahab

Salaried

– No changes in direct and indirect taxes – No Change in tax regime, same tax slabs to continue

Students

– The National Education Policy 2020 is ushering the transformation of reforms – Upskill and reskilled 54 lakh youth – 7 IITs, 16 IIITs, 390 Universities, set up

Senior Citizens

– FM Niramala Sitharaman did not specify anything related to Senior Citizens during Interim Budget 2024 speech.

Women

– The government will encourage the vaccination against cervical cancer of girls in the age group of 9-14 years. - 30 crore mudra yojana loans given to women entrepreneurs - Empowerment of women through entrepreneurship, ease of living. - Increasing participation of women in workforce.

Jobs

– 1.4 crore youth trained under Skill India mission – Employment opportunities for youth with technical skills in manufacturing, installation and maintenance. – Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated 10 lakh employment.

Farmers

– Farmers are our ‘Annadata’. Every year, under PM-KISAN SAMMAN Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers. – Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana.

Professionals/Business

– Threshold for professionals eligible for presumptive taxation was increased from ₹50-75 Lakh. – Capex goal has been established at Rs 11.1 lakh crore, reflecting an 11.1% increase. – Corporate tax rate was decreased from 30% to 22% for existing domestic companies and to 15% for certain new manufacturing companies.

Social Services

- Housing for all’, ‘har ghar jal’, electricity for all, cooking gas for all, bank accounts and financial services for all. – Minimum support prices for the produce of ‘Annadata’ are periodically increased. – Government has assisted 25 crore people to get freedom from multi-dimensional poverty.