Budget 2024 -25 increased standard deduction of salaried employees from ₹ 50,000/- to ₹ 75,000/- for those opting for new tax regime. Similarly, deduction on family pension for pensioners enhanced from ₹ 15,000/- to ₹ 25,000/-. The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024 -25 in Parliament today. The highlights of the budget are as follows: Part-A Budget Estimates 2024 -25: Union Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 at 11 am. Livemint.com will provide live updates, analysis and insights on the budget and its impact on the economy and various sectors. Statement of Major Variations of Expenditure between BE 2024 -25 and RE 2024 -25 Statement of Major Variations of Expenditure between RE 2024 -25 and BE 2025-26 Expenditure of Ministries and Departments Centrally Sponsored Schemes Fund balances under Single Nodal Agency (SNA) Accounts Central Sector Schemes Other Central Expenditure Other Transfers
