Budget 2024

Budget 2024: What to Expect and How to Prepare for the Union Budget

Exciting updates on Union Budget 2024 expectations and market strategies for investors. Get ready for possible tax relief and more cash in hand!

Budget 2024 is on the horizon, with the anticipation building as the government gears up to announce the date of the Union Budget presentation. Finance Minister Nirmala Sitharaman is set to table the Union Budget 2024-25 in Parliament, marking the first budget under NDA 3.0. Investors are advised to stay tuned for booming stocks, tax relief possibilities, and increased standard deductions to potentially boost their finances.

Market experts are recommending strategic moves for investors in light of the upcoming budget. Post the 2024 Lok Sabha elections, attention is shifting towards budget allocations for the fiscal year 2024-25. Suggestions include booking profits, re-evaluating portfolios, and staying informed on market trends to capitalize on potential opportunities.

Speculation is rife about the budget including possible salaried employee benefits. There are talks of a substantial increase in standard deductions to Rs 1 lakh per annum, aiming to provide more financial stability to individuals. Affordable housing may also see improvements, with initiatives like Pradhan Mantri Awas Yojana contributing to making housing more accessible.

Amidst the buzz, taxpayers and investors are eagerly awaiting the budget announcements to plan their financial strategies accordingly. With the potential for tax benefits and market shifts, staying informed and prepared is key for a successful financial year ahead.