Finance Minister

Here are the most important announcements made in Budget 2024 by Finance Minister Nirmala Sitharaman.

“In the last five years, the investments into the agricultural space has been very encouraging. This validates that agriculture is not considered all that risky as some understand it."

With this change, the TDS applicable has been reduced by 25%, meaning the applicable TDS rate is 7.5%, as against 10% earlier.

Speak to your financial advisor before you decide on which tax regime you wish to be a part of. Also, there is no clarity on whether this is a reversible decision – meaning whether you can get back to the old tax regime after you have opted for the new one.

In yet another attempt at promoting a cashless economy, there will now be a charge of two per cent tax if the aggregate cash withdrawal for one or more accounts amounts to more than 1 crore.

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Transact Bitcoins, and other cryptocurrency, at India's first ATM for the world-famous virtual currencies.

To stabilise the falling rupee and check the current account deficit, the government has hiked the customs duty on 19 items. These hiked prices came into effect yesterday.

Acknowledging the service rendered by Ravi, he was felicitated by the Finance Minister Arun Jaitley on behalf of the President of India at an award ceremony held in Delhi.

The government has, at various stages, clearly indicated its interest in eliminating gender gaps that have been a hindrance to the social and economic integrity of the country. This budget seems to a right step in that direction.