Surcharge rates dropped from 37% to 25% under the new tax regime.
Income Tax rebate extended to Rs 7 lakhs from 5 lakhs.
Allocation for the year is Rs 6,900.68 cr, which is a 45.3% increase over the revised estimate of Rs 7,033 crore.
Increment of 48% funding allocated for renewable energy.
Monthly income scheme limit doubled to Rs 9 lakh for individual accounts and Rs 15 lakh for joint accounts
Deposit limit for Senior Citizen Savings Scheme doubled to Rs 30 lakh
The Indian Railways has received a budget allocation of Rs 2.4 lakh crore for FY24, which is nearly nine times more than the allocation in FY14.
Rs 19,700 crore budget to support low-carbon transition in the economy
Rs 35,000 crore priority funding for the energy transition
Allocation has nearly doubled compared to what it was two years ago
The budget estimate increased to Rs 16, 549.04 crore from Rs 11,719.95 crore.
11% hike in agriculture credit target to Rs 20 lakh crore
2% interest subsidy for short-term farm loans up to Rs 3 lakh at 7% effective rate