Asianet News Budget News  

Standard Deduction is a fixed amount that can be deducted from the total taxable income. Salaried employees, pensioners, and retired individuals can claim this deduction.

During Budget 2024 presentation, Finance Minister Nirmala Sitharaman introduced initiatives for the development of temples in India. 

Sitharaman arrived at the Rashtrapati Bhavan in a white silk saree with a purple border. She was there to meet President Murmu before heading to Parliament to announce the Budget at 11 AM. 

The Union Budget is the financial plan for the country that outlines expected income and expenditure, typically for a year. Let's read some interesting historical facts. 

Ahead of the Budget on Tuesday, Finance Minister Nirmala Sitharaman was seen with a red sleeve tablet. She is set to present the Budget for the fiscal year 2024-25, which will also be her seventh straight Budget presentation.