Budget 2024 Time. The tax is the contribution paid by employers on top of their employee’s wages. The union budget 2024 is scheduled to be presented by finance minister nirmala sitharaman, making it the first full union budget of the new nda coalition.
It will now increase from 13.8 per cent to 15 per cent from april 2025. Finance minister nirmala sitharaman will present the first union budget of prime minister narendra modi’s third term on july 23, 2024, as approved by president droupadi.