Lucknow: The seminar conducted under the aegis of the Department of Business Administration, University of Lucknow on the Union Budget 2024 was held on July 24, 2024 discussed on issues related to various aspects of budget like employment, women empowerment, skilling, and msme middle class. Dr. Ajai Prakash coordinated the workshop and spoke on how the middle class will progress under the new budget and how the different schemes will give a boost to ODOPs and other sectors making India more industrialised, empowered and entrepreneurial. Prof. Sanjay Medhavi especially looked…
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Attractive tax benefits announced in latest Union Budget
New Delhi: Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in Parliament. Finance Minister proposed to increase the standard deduction for salaried employees from ₹50,000 to ₹75,000. Also, deduction on family pension for pensioners is proposed to be enhanced from ₹15,000 to ₹25,000 under the new tax regime. This will provide relief to about four crore salaried individuals and pensioners. Sitharaman proposed…
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