Union Budget 2024: Key Highlights 

BY: Kavya Bhatt

On July 23, Finance Minister Nirmala Sitharaman announced the Union Budget 2024-25 in Parliament. 

1. 3L Crore scheme for benifiting women and girls.

2. Provision of 1.52L crore agriculture and allied sectors. 

3. New Tax slabs announced for New Tax Regime

3. New Tax slabs announced for New Tax Regime Rs 3 -7 lakh 5 per cent Rs 7-10 lakh 10 per cent Rs 10-12 lakh 15 per cent Rs 12-15 lakh 20 per cent Above Rs 15 lakh 30 per cent

4. The standard deduction under the new tax regime has been enhanced from Rs 30,000 to Rs 75,000, saving Rs 17,500. Additionally, the deduction on family pension for pensioners has been increased from Rs 15,000 to Rs 25,000.

5. The securities transaction tax (STT) on option sales has been increased from 0.0625% to 0.1%. Furthermore, the STT for futures and options (F&O) securities has increased by 0.02% and 0.1%, respectively.

6. TDS on e-commerce cut to 0.1 percent from 1 percent