A few months before the 2024 Lok Sabha elections, on February 1, 2024, Finance Minister Nirmala Sitharaman is scheduled to deliver the interim budget of the Narendra Modi administration. What will be the Union Budget 2024's main focus? As the budget will be presented for vote-on-account, no significant announcements will be made. The announcement of the election results will precede the release of the unified budget for 2024.
Will there be tax cuts and other incentives in the budget to encourage consumer spending and increase foot traffic to stores? Experts predict that the Union Budget of 2024 will provide tax benefits and incentives to stimulate consumer spending and increase foot traffic in stores. Raising the personal income tax slabs, declaring short-term tax vacations, and offering incentives for housing, dining out, travel, and car purchases are among of the suggestions.
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