Union Budget 2024: All You Need to Know

Standard Deduction and Loans

Standard deduction for salaried employees now ₹75,000. Mudra loan limit raised to ₹20 lakh, benefiting MSMEs and entrepreneurs.

Capital Gains Tax Changes

Short-term capital gains taxed at 20%. Long-term capital gains on all assets taxed at 12.5%, ensuring a fair tax regime.

Housing and Employment

PMAY Urban 2.0 invests ₹10 lakh crore for housing 1 crore urban poor and middle-class families. Youth employment schemes to create jobs.

Skilling and Women Empowerment

Skilling 20 lakh youth in 5 years, upgrading 1,000 ITIs. Over ₹3 lakh crore allocated for women's welfare schemes.

Infrastructure & Energy

₹1.5 lakh crore as interest-free loans to states. Investments in small modular nuclear reactors and renewable energy integration.

Tourism and Innovation

Developing spiritual and cultural tourism in key regions. ₹1 lakh crore for private sector-driven research and innovation initiatives.