Indian Budget 2024

What is the budget allocation for education in the Indian Union Budget 2024?

• Not specified

• 10% of total budget

• 50% of total budget

• 100 billion USD

What are the key tax reforms introduced in the Indian Union Budget 2024?

• Refer to official budget documents, press releases, or news articles for the key tax reforms introduced in the Indian Union Budget 2024.

• Check social media for updates

• Consult a local astrologer for insights

• Ask a friend who is not familiar with tax laws

Name one social welfare scheme mentioned in the Indian Union Budget 2024.

• MNREGA

• Ayushman Bharat

• PM Awas Yojana (Pradhan Mantri Awas Yojana)

• Mid-Day Meal Scheme

How does the Indian Union Budget 2024 impact small businesses?

• The Indian Union Budget 2024 may impact small businesses through changes in tax rates, incentives, subsidies, or regulations that can either benefit or burden them.

• The Indian Union Budget 2024 has no impact on small businesses

• Small businesses are not affected by the Indian Union Budget 2024

• The Indian Union Budget 2024 only benefits large corporations

How do the tax reforms in 2024 aim to benefit the middle class?

• Introducing tax breaks for high-income earners, increasing tax rates for low-income individuals, and removing deductions for the middle class.

• Implementing higher tax rates, reducing deductions, and eliminating tax credits for middle-income individuals.

• Introducing tax credits, increasing standard deductions, and lowering tax rates for middle-income individuals.

• Lowering tax rates for high-income individuals, increasing tax rates for the middle class, and reducing tax credits for low-income earners.

Discuss one social welfare scheme aimed at poverty alleviation in the 2024 budget.

• Universal Basic Income program

• Subsidized Housing for Low-Income Families initiative

• National Pension Scheme

• Free Healthcare for All program

How are small businesses supported in the 2024 budget for economic growth?

• Higher taxes, elimination of government contracts, and limited networking opportunities

• Cutting funding for small business programs, imposing fines for growth, and restricting international trade

• Tax incentives, grants, and access to low-interest loans

• Increased tariffs, reduced access to credit, and stricter regulations

Standard deduction is increased to Rs_______

• 1 lakh

• 75,000

• 50,000

• None

What is the tax benefit amount a person may derive after budget this time ?

• Rs 17,500

• Rs 16,000

• Rs 42,000

• Rs 8,000

Nirmala Sitharaman presented her _____ consecutive Budget this time

• 5th

• 6th

• 7th

• 10th