[ad_1] By Ravi JainThe finance minister set the stage for a “Viksit Bharat by 2047”, on the core principles of ‘Sabka Saath’, ‘Sabka Vikas’, ‘Sabka Vishwas’, with ‘Sabka Prayas’ being added as a new theme in the interim Budget.This Budget’s four core strategic areas came as GYAN: G for Garib Kalyan, Y for Youth empowerment,…
[ad_1] By Naina Lal KidwaiFinance Minister Nirmala Sitharaman’s sixth Budget which is an interim budget promises to be responsible despite this being an election year. The budget talks about inclusive development both, social and geographical, especially for youth, women, farmers, and the poor. Continued focus on improving logistics through infrastructure spend on roads, rail, airports,…
[ad_1] Income Tax Changes Budget 2024: In the recent Budget 2024 speech, the Finance Minister kept the Section 80C tax deduction limit unchanged. The maximum limit for claiming tax benefits under Section 80C remains at Rs 1.5 lakh for the current fiscal year 2023-24 and will stay the same for individuals looking to save on…
[ad_1] NEW DELHI: The government has put forth a proposal to extend tax incentives for startups and investments facilitated by sovereign wealth or pension funds for an additional year, effective until March 2025.Finance Minister Nirmala Sitharaman highlighted that certain tax benefits currently extended to startups and investments made by sovereign wealth or pension funds, along…
[ad_1] By Deepika MathurBudget 2024 income tax expectations: Imagine working for a job that pays you less money every year. Will you continue in such a job? The simple answer for most of us will be a resounding “No”. Welcome to inflation 101 – if you earn the same amount year after year, your real…
[ad_1] By Aarti Raote and Poornima GBudget 2024 income tax expectations: The new and simplified personal income tax regime was introduced in the Budget of 2020 with the objective to simplify tax compliances and provide significant relief to individual taxpayers. The new tax regime provided for significantly reduced income tax rates for individual taxpayers who…
[ad_1] By Chander TalrejaBudget 2024 income tax expectations: The government’s focus has been to simplify the tax structure and reduce the tax complexities so that TAX is no longer taxing. With this objective, one of the initiatives was introducing an optional personal tax regime called the new personal tax regime in the Budget 2020. This…
[ad_1] Budget 2024 expectations: Finance Minister Nirmala Sitharaman is all set to reveal the Interim Budget for the fiscal year 2024-2025 (FY25) on February 1, 2024. Meanwhile, the focus turns on fiscal consolidation and nominal economic growth projections, while no major policy changes are expected as of now.If we go by sector-specific changes, the travel…
[ad_1] By Surabhi MarwahBudget 2024: Given the upcoming general elections, it is expected that the imminent budget in February 2024 is likely to be a ‘Vote on Account’, with the full-fledged budget anticipated in July 2024. While the Government did dole out tax benefits in the interim budget in 2019, one may not expect any…
[ad_1] Budget 2024: Standard deduction serves as a big relief for salaried taxpayers. At present salaried taxpayers can avail a standard deduction of Rs 50,000 on their income. This relief is available both under the old and the new income tax regime. However, experts are of the view that the current limit of Rs 50,000…