Finance Minister Nirmala Sitharaman will present the interim budget for the coming months on February 1, and the central government has already made it clear that the budget will be dedicated solely to Vote-on-Account purposes. Following the announcement of Lok Sabha election results and the acceptance of responsibilities by the new government ministers, the complete central budget for 2024 will be presented by Finance Minister Nirmala Sitharaman in July.

Finance Minister Nirmala Sitharaman will submit the interim budget for 2024 on February 1, addressing some immediate relief measures and proposing minimal changes to tax regulations. Some relief measures and minor tax adjustments were communicated through a business standard notification. Certain relief measures and minimal tax adjustments, particularly those related to the indirect tax regime, are effective immediately, while others are proposed to be implemented during the presentation of the complete budget for 2024. A senior government official informed Business Standard that the interim budget for 2024 will be presented during the dedicated time for budgetary allocation.

The announcement of some immediate relief measures and minimal changes to tax regulations, primarily affecting the indirect tax system, has been communicated through a Business Standard report.