Union Budget 2024-25 – Expectations on the personal tax perspective

    Budget is of a significant interest to individual taxpayers as they have long wish list of desired announcements on personal tax front from government
    Union Budget 2024-25 – Expectations on the personal tax perspective

    The Finance Minister (FM) will present the full Union Budget for Financial Year (FY) 2024-25 in Parliament on July 23rd. The Budget is of a significant interest to individual taxpayers as they have a long wish list of the desired announcements on the personal tax front from the newly formed government. Some of the heightened expectations are as under:



    Like every time expectation will high from a common man for the annual Budget exercise, it is also the most opportune time for the new Government to set the tone for accelerating economic growth by making policy announcements and addressing structural challenges facing the country.  Hence, it will be an interesting Budget to watch out for.

    A version of this article was published by The Times of India.com on July 14 2024. The same can be read here

    Author

    Parizad Sirwalla

    Partner and National Head – Tax, Global Mobility Services

    KPMG in India