Budget 2024: Experts Anticipate Medical Insurance Premium Deductions And Capital Gains Simplification

India's Union Budget 2024, to be presented on February 1st, will be an interim budget due to upcoming elections. Finance Minister Nirmala Sitharaman's sixth budget is expected to focus on two key areas: increasing deductions for medical insurance premiums and simplifying the capital gains tax regime. Experts anticipate changes for both new and old tax regimes, including extending medical insurance deductions under the new system and raising deduction limits for individuals and seniors in the old system.