Budget 2024: Focus on corporate tax and tourism, but tax relief eludes taxpayers

Finance Minister Nirmala Sitharaman revealed the Interim Budget for the fiscal year 2024-2025, setting the tone for India’s economic priorities ahead of the upcoming Parliamentary election.

Finance Minister Nirmala Sitharaman unveiled the Interim Budget for the financial year 2024-2025 on February 1. As anticipated, the government has not announced any major policy changes ahead of the Parliamentary election this year.

The interim budget 2024 mostly focussed on corporate tax and startup. The budget announcement, refrained from significant policy shifts, concentrating instead on corporate tax measures and bolstering the startup ecosystem. Notably, taxpayers were left disappointed as no relief measures were introduced.

Source: People Matters

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