Budget 2024: How it impacts Personal Finance and Economy | A simplified guide

Union Budgets are an important economic event. The Union Budget for 2024 is special as the government has changed from a one-party majority to a coalition. In this video, we present to you the key highlights of the Budget.

This video is divided into two sections. In the first section, we discuss how the Budget affects you as an investor. Here we talk about the changes in the new tax regime, taxation changes and other key provisions in the Budget that impact you directly.

In the second section, we discuss the key economy-related announcements in the Budget. Knowing these will help you assess the economic well-being of India and the priorities of the current government.
#Budget2024 #HowBudget2024ImpactsYou

Chapters:
00:00 Introduction
00:51 Part 1: Budget & you
07:04 Part 2: Budget & the economy

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[anbuarasu]

Slowly they will increase the LTCG to 30%. Govt wants the middle class to stay middle class forever.

[TheITguyu]

Theme had middle class 😂😂🤣 like how to destroy them

[ankitjoshi]

If a middle-class man in Bharat invests 1000 or 5000 rupees in SIP every month, the market is overbought and cash from the bank is reduced, but when a FII buys 2000 or 5000 crore rupees daily, it remains undervalued.

[tkdhanesh]

The biggest joke is the increased rate for long term capital gains

[ronniewilliams-g]

Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

[dharmeshbanerji]

This FM is useless. Surprised that BJP thinktank is not concerned even after LS Poll setback that middle class is getting totally alienated by their policies. This FM needs to go.

[gurvindersingh]

Please clear taxation on multi asset mutual funds (is that 12.5% after one year ?)

[sachin]

Mistake at 1:21. Tax reduced by Rs. 10000 even for those earning more than 12 Lakhs due to changes in slabs itself.

[md-bd]

India is anti salaried people. Taxes are high, and facilities are low.
I still wonder where this tax goes. The roads are full of potholes. I have to rely on private healthcare as there is no public healthcare here. I do not see any good government schools.
I do not want my son to spend his life in India, where there are only taxes with zero facilities.

[sarwajeetbharti]

This govt must go ..They dont care for middle class.They just want tax.Sitaraman Aunty ko ghar bhejna chahiye..

[GamerInVoid]

Absolutely pathetic Budget and tax terrorism by the govt. The most anti middle class govt I have ever seen. Tax like Sweden and service like Somalia

[philipsamuel]

Pl chk up if " earlier LTCG" was at " Slab Rate" as mentioned in row 3 😊

[manishrao]

In the table 3:26, New STCG for listed bonds & Gold/Silver ETF should be slab rate instead of 20% because STCG increased from 15% to 20% only for listed equity share, units of equity Oriented Fund(ETF or Mutual Fund), units of Business Trust under section 111A.
And the holding period of other than Equity and Debt Fund & Overseas FoF should be 12 Months because they are considered under listed securities and holding period of all listed securities is 12 months

[sbshrey]

Even if you are earning more than 10 lakh, you will be able to save 10000 apart standard deduction benefits

[abhinavhazra]

This budget will bring sanity into stock market, need further higher STCG

[avinashprasad]

Sir please create a video explaining how capital gains are taxed (In both regimes) for salaried employees assuming salary as 5L to 10L. Or if you already have a video for that then plz share the link

[rajkarmakar]

Please make a video on Tcs also, if I sold the MF before THE BUDGET date then what tax will be applicable?

[mandarp]

Budget is extremely bad for Investors and Income Tax payers, middle class people.

[prustysaurabh]

Big budget nos are eaten away by salaries and pension then on civil infra maintenance thereby leaving very less scope for big leap investments.