Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget today - Tuesday, July 23. The Budget for 2024-25 is being considered the action plan for the Modi 3.0 government to outline a roadmap towards India's development in the next five years.
In a major tax relief for salaried individuals, industry experts are expecting an increase in the basic exemption limits under both the old and new tax regimes. The government may also rationalise the capital gains taxation structure.