Budget 2024: When will Union Budget be presented? Here are date, time and other details

07:36PM Sat 6 Jul, 2024

The Narendra Modi-led Union government today announced the dates for the Union Budget 2024. Union Parliamentary Affairs minister Kiren Rijiju today announced that the Budget Session of the Parliament will commence on and continue till August 22.

Budget 2024: Date and Time
The 2024 Union Budget will be presented in the Lok Sabha on 23rd July, as approved by President Droupadi Murmu. The budget session will span from 22nd July to 12th August. The Budget will be presented at 11 am in Lok Sabha.

Union Budget 2024 Expectations:
Tax Benefits: The new budget is expected to bring relief to salaried individuals by increasing the standard deduction limit, which is currently set at Rs 50,000. Speculations suggest this limit could rise to between Rs 50,000 and Rs 1,00,000.
Home loan borrowers might also see enhanced tax benefits under Section 24(b) of the Income-Tax Act. The government is also anticipated to support women's well-being through subsidies on essential commodities, such as direct benefit transfers on cooking gas. Additionally, healthcare services for women may be offered at discounted rates.

The budget may also increase the income tax exemption limit on interest from savings accounts from Rs 10,000 to Rs 25,000. For senior citizens, this limit is Rs 50,000.


(Source: Economics Times)