Image description

Budget 2024: What is special, which item became cheaper, which suffered a loss, know the budget of 2024 in 24 points.

1. Changes in the new tax regime, those who follow it will get a discount of up to 775000, now the limit of stranded deduction has been increased from 50000 to ₹ 75000, on choosing the old regime, income up to two and a half lakhs will be tax free.

Note: But under section 87A of the Income Tax Act, you can save income tax if you have an income of up to 5 lakhs.

2. Tax duty has been removed on many items like gold, silver, mobile will be cheaper to a great extent.

3. Benefit for employees, employees entering the formal sector for the first time will get 1 month's salary, along with this, employees entering EPFO for the first time will get a help of 15000 whose salary is less than 1 lakh.

 This money will be given in three installments, this will help about 2 lakh youth.

4. The government has given about 1.52 lakh crore rupees for agriculture and related sectors, while no announcement has been made in the budget regarding MSP and no announcement has been made in the amount related to Kisan Samman.

5. Internship program, the government will start an internship program for 1 crore youth in 500 big companies, in which the youth will get ₹ 5000 internship allowance and 6000 rupees per month assistance.

6. In this time's budget, the amount of Mudra loan has been increased from 10 lakh to 20 lakh and new branches will be opened to increase the reach of the bank along with small industry development.

7. A provision of Rs 3 lakh crore has been made for women welfare schemes. Arrangements for women hostels have been made to increase the share of women in jobs.

8. The central government will give priority to Nalanda tourist destination to promote tourism. Like Vishwanath temple, a corridor will also be established in Vishwa Path.

9. If a company sells its shares more than its fair price, then it has to pay angel tax in the company, especially startup companies. This change has given relief to startup companies from tax.

10. Long term saving option has been kept for minors. Parents will be able to invest on behalf of their children.

11. There are proposals for medical colleges, airports and infrastructure in Bihar. With Rs 26 thousand crore, Patna, Punya Expressway will be improved towards Baksalpur Highway and there are proposals for building a new highway.

12. A package of Rs 15 thousand crore to Andhra Pradesh. This package has been kept for the development of CM Naidu's project Amaravati. 13. A budget of 4.54 crores has been presented for defense, which is said to be 1.67 lakhs less than the 6.21 lakhs received in February.

14. To promote solar energy, the new budget has Surya Har Ghar Free Bijli Yojana, which will provide free electricity to one crore households up to 300 units of electricity.

15. Under PM Awaaz Yojana Urban 2.0, houses will be built for one crore poor and middle-class families in PM Awaaz Yojana.

16. Exemption in long term capital gain has been increased from 1 lakh to 1.25 lakh.

17. Provision of giving loan up to 10 lakhs to the student for admission in any college, institute for higher education, the government will give 3% interest on the loan amount.

18. PM Janjati 5 crore tribals will get benefit under Unnat Gram Abhiyan, its objective is to improve their social and economic condition, for which 36000 villages will be covered.

19. The fourth phase will be started for Pradhan Mantri Gramin Sadak Yojana and 25 thousand rural roads will be made weather-friendly.

20. Purvodaya Yojana will be started for the development of the eastern side of the country, it will benefit Odisha, West Bengal, Jharkhand.

 21. A budget of Rs 86000 crore has been proposed for Mahatma Gandhi National Rural Employment Guarantee Scheme. No change has been made in the location of the final budget.

22. Hubs will be created to promote e-commerce. In public private mode, trade facilities will be available under one roof through e-commerce.

23. Tax on e-commerce has been reduced by 1%, it has been made .10%, any dealer selling goods online has to pay this tax.

24. STT i.e. Security Transaction Tax on futures and options has been promoted, it has been increased from .0125% to .12%.

1 Views