Union Budget 24-25 should focus on tax relief to boost consumption: India Inc

  • July 8, 2024
  • Deccan Herald
  • Press

Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government.

New Delhi: The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested.
Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government.

The industry also urged the finance minister to lower corporate tax, phase out tax exemptions, and broaden tax base to boost economic growth.

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