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New Delhi<\/strong>: The upcoming budget for 2024 is anticipated to focus on salary taxation reforms aimed at benefiting salaried individuals and stimulating the economy.<\/p>\n There will likely be big changes in the 2024 Budget, especially in the direct tax area, with the reappointment of Nirmala Sitharaman as Finance Minister.<\/p>\n India\u2019s economy has expanded quickly, and as one of the fastest-growing, it is reasonable to anticipate that our yearly budget would include policies to improve tax collection, facilitate commercial transactions, and expedite the tax collecting process. \u201cThere has been a significant rise in medical expenses, fuel costs and overall inflation.<\/p>\n Keeping in mind the increase in personal expenditure it is popularly expected to enhance the standard deduction to Rs 1 lakh from the existing limit of Rs 50,000,\u201d said KPMG.<\/p>\n President Murmu, in her inaugural address to the joint session of Parliament post-election in June 2024, underscored that the upcoming Budget would introduce unprecedented measures and outline a visionary blueprint for growth. She also affirmed that the pace of reforms would be expedited to accelerate progress.<\/p>\n<\/div>\n [ad_2] [ad_1] New Delhi: The upcoming budget for 2024 is anticipated to focus on salary taxation reforms aimed at benefiting salaried individuals and stimulating the economy. There will likely be big changes in the 2024 Budget, especially in the direct tax area, with the reappointment of Nirmala Sitharaman as Finance Minister. India\u2019s economy has expanded quickly, […]<\/p>\n","protected":false},"author":1,"featured_media":33437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-35012","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/07\/download-11.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/35012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=35012"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/35012\/revisions"}],"predecessor-version":[{"id":35013,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/35012\/revisions\/35013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/33437"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=35012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=35012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=35012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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