Download India Budget 2024 Highlights, Speech, Finance Bill PDF

Check the official links we have shared with you for downloading India’s Budget 2024 important documents. You can get the Finance Minister’s speech, highlights and the Finance Bill in PDF format from the official Union Budget of India website itself: https://www.indiabudget.gov.in/. Keep yourself up-to-date about the key fiscal policies and government allocations for next year using these official resources.

On February 1st, 2024, Lok Sabha was presented with a budget by our finance minister Nirmala Sitharaman which is for the financial year of 2024. This being an interim budget attains significance because it has come just before Lok Sabha Elections; no changes were made to tax slabs under both old and new regime but full-fledged budget will be presented in July after post election formation of new government.

Budget Documents and Key Highlights:

For those seeking an in-depth understanding of the Union Budget 2024, the official website (https://www.indiabudget.gov.in/) offers a range of downloadable documents. These include:

  1. Budget at a Glance: A comprehensive overview providing a snapshot of the budget, summarizing key figures and allocations.
  2. PDF File Deficit Statistics: Detailed statistics on fiscal deficit, revenue deficit, and primary deficit, crucial indicators of the government’s financial health.
  3. PDF File Receipts: Breakdown of revenue receipts, including tax revenue, non-tax revenue, and capital receipts.
  4. PDF File Expenditure: A detailed account of government expenditure across various sectors and programs.
  5. PDF File Transfer of Resources to States and Union Territories with Legislature: Insights into the financial distribution to states and union territories.
  6. PDF File Budget Profile: An analysis of the budget profile, offering a deeper understanding of the allocation of funds across different sectors.
  7. PDF File Outlay on Major Schemes: A detailed breakdown of the budgetary outlay for major schemes, providing transparency on government priorities.

Taxation in Budget 2024:

Both old and new tax regimes are the same in budget. In her speech, Finance Minister Nirmala Sitharaman said: “For tax proposals, I do not propose to make any changes related to taxation and propose to retain the same tax rates for direct taxes and indirect taxes including import duties as per convention.”

However she pointed out some tax benefits which will expire on March 31, 2024. These include benefits given to startups; investments made by sovereign wealth funds or pension funds; and tax exemptions on certain incomes of some units located in IFSC (International Financial Services Centre).

To ensure continuity in taxation, the Finance Minister proposed extending the expiry date till March 31, 2025 so that sectors which have got these tax reliefs are given stability as well as support for further growths and investments.

Conclusion:

Being an interim budget, Union Budget 2024 sets the pace for the next financial year. While keeping stable tax slabs, the government intends to let industries which benefited from about-to-end fiscal incentives transit smoothly. Downloadable budget documents available at official website indicate how money is allocated and what are government’s priorities thereby acting as useful information for businesses, investors and general public alike. With Lok Sabha elections round corner, full budget in July will probably sketch broader path of India’s economic journey.

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