Comprehensive Overview of Key Tax and Financial Reforms in the 2024 Union Budget for Salaried Individuals

The 2024 Union Budget introduces a range of tax reforms and financial incentives aimed at providing relief and benefits for salaried individuals, including revised tax slabs, increased standard deduction, simplified tax regime, expanded investment options, enhanced medical and education allowances, improved home loan interest deductions, boosted provident fund and pension contributions, and greater incentives for digital payments and female workforce participation.