Interim Budget 2024-2025: Key Highlights and Legal Perspectives Written by Advocate Sudhakar Kumar, Patna High Court. English and Hindi Version
The interim budget for 2024-2025, presented as a precursor to the upcoming general elections, holds significant implications for India's economy and its citizens. As Indian Law Guru and a legal professional, I will examine its impact on various sectors, particularly from a legal and socio-economic perspective. Key Highlights of the Interim Budget 2024-2025 1. Focus on Infrastructure and Development - The government has allocated significant funds for national highways, railways, and urban development, aiming to boost connectivity and job creation. 2. Relief for the Middle Class - A revision in income tax slabs provides relief to salaried employees and pensioners, ensuring higher disposable incomes. - Simplified compliance measures for small taxpayers, making tax filing more accessible. 3. Agricultural Sector and Rural Development - The budget emphasizes far...