Union budget 2024

Budget 2024: expectations of individual taxpayers

The Union Budget 2024 is set to be presented in the Parliament on 23 July 2024. In the latest episode of our exclusive pre-budget podcast series, Sonu Iyer, Partner, People Advisory Services (Tax), EY India. discusses budget proposals that may impact individual taxpayers. Join us as she shares her views on potential changes in income tax slabs, old and new income tax regimes, capital gains, and other relief measures. 

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Key takeaways

  • Union Budget 2024-25 emphasizes fiscal consolidation, reducing the fiscal deficit target to 4.9% of the GDP in FY25.
  • Increased tax devolution and interest-free loans aim to incentivize states’ participation in India's economic growth.
  • Effective utilization of budgeted investment expenditures remains a concern for both central and state governments.
An attractive personal tax regime is essential for retaining our bright minds and entrepreneurs in India

For your convenience, a full text transcript of this podcast is available on the link below:


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Podcast

Episode 06

Duration

15m 10s