Very pleasant good morning to one and all present here today I Sharnpreet Kaur Johal standing with twiddling thumbs for the sunrise for our country after 78 years of independence waiting when these politicians would get time see putty condition of hopeful taxpayers.

When they would get time to see consitution and would follow the principle of democracy , government of the people by the people for the people

When they would not please theor stakeholders or alliances to save there government

Budget or Anunal financial statement is forecast of the government annual revenue and expenditure for the upcoming year

First budget of India was introduced by janes Wilson in in 1864 British India send our son introduced the income tax

But it is further classified into revenue budget and capital budget . Revenue budget covers revenue items which are coming in two and a man to keep a normal Functioning of the government on other hand capital budget it covers all items which are non-recurring nature plan to have long term benefits such as creating assets and reducing liabilities.

For the financial year 2024 projected budget expenditure is close to 48.2 lakh crore Out of the 48.2,00,00,00,00,000 37.1, lakh crore allocated for renvenue expenditure and 11.1 lakh crore for capital expenditure .

Projected receipts for the year 2024 is 32.07,00,00,00,00,000 out of the 31.2,00,00,00,00,000 revenue growth in and 78 thousand crore is capital recipient leaving India with fiscal deficit of close to 16.3,00,00,00,00,000 which accounts to 4.9% of GDP significantly praiseworthy from actual fiscal deficit of 5.6% of GDP from last year still to not to go on to reach F RB M target of 3 percent

But the main point of criticism were allocation of 15,000 crore to Andhra Pradesh and nearly 60,000 crore to Bihar which were indigestible . NDA government fully succeeded in ignoring 2016 and eight union territories, if not completely but significantly the failed to mention Ladakh, Manipur, Kerala indeed middle-class India being betrayed by the hostile treatment of a government wait for honourable finance, Mr its to a acccompany us everywhere to collect her part.

So if you earn you need to pay income tax of 30% to spend the leftover money, you need to be good and services tax. If somehow you manage to save and invest you have to pay 20% short-term capital gains tax and 12.5% on long-term capital gains tax. but thankful, our honourable finance minister would not follow us in case of losses

In budget 2024 engine takes was removed, but the indexation benefits were were also removed. Thankfully, seeing unemployment rate of the country issues was addressed but here also youth felt in the voice of the government. When they announced for internships in top 500 companies, but then soon finance Mr soon called it nudge to the firms not mandatory.

They promised to upskill 20 lakh youngsters but u g c funding was cutted by 61%. IITs and I am‘s budget is also decreased. by the 90,000 crore is allocated to health care sector Hope the respect and safety of doctors could be increased too

Income equality in country has drastically increased over the past 10 years seems like government is testing the patience of the middle class and taking care of the businessman friend of corporate tax share decrease from approximately 60% in financial year 2014 and 15 to 50% in financial year 2024 -25 hence waiting patiently when government. Would time to work truly for the people