Latest income tax slabs FY 2024-25: Finance Minister Nirmala Sitharaman has changed the income tax slabs effective FY 2024-25 under the new income tax regime as announced in Budget 2024. The standard deduction under the new income tax regime has also been hiked from the present Rs 50,000 to Rs 75,000. According to FM Nirmala…
NEW DELHI: Gold prices are expected to come down as the Centre reduced custom duties on gold and silver from 15% to 6% to increase domestic retail demand and reduce smuggling. Additionally, custom duty on platinum is reduced to 6.4%.“To enhance domestic value addition in gold and precious metal jewellery in the country, I propose…
NEW DELHI: In her seventh Union Budget presentation, Finance minister Nirmala Sitharaman announced a significant reduction in the defence budget, allocating Rs 4.54 lakh crore for FY25. This is a steep decrease from the Rs 6.21 lakh crore announced in the Interim Budget just five months earlier.Sitharaman began her address by highlighting the government’s continued…
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024. Taking a bottoms-up approach, the Budget focused on assuring affordable medicines especially for cancer patients along with reducing custom duty on precious metals like gold, silver to 6% and platinum to 6.5%.Meanwhile, telecom equipments and plastic goods are set to become expensive.Here’s…
Union Budget 2024: FM Nirmala Sitharaman's full speech text Source link
NEW DELHI: The Union Budget for 2024-25 allocates Rs 1.48 lakh crore for education, employment, and skilling across the country. Presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman emphasized its focus on employment, skilling, MSMEs, and the middle class.Sitharaman announced that the PM Garib Kalyan Anna Yojana has been extended for five…
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday announced several projects for Andhra Pradesh while presenting the Union Budget 2024 in Lok Sabha. The move is likely to keep key ally Chandrababu Naidu happy who in the last few days had renewed demand for special category status to Andhra. BJP led NDA govt at…
As the nation eagerly awaits the presentation of the Union Budget by finance minister Nirmala Sitharaman, her choice of saree has also become a topic of interest. Each year, Sitharaman’s saree selection for the budget presentation garners attention and admiration from the public.For her record-breaking seventh Union Budget presentation, the finance minister opted for a…
Budget 2024: Finance Minister Nirmala Sitharaman will deliver her seventh consecutive Budget on Tuesday, outlining a plan for India’s development by 2047 and showcasing the government’s performance over the past decade. The market anticipates potential tax relief for the middle class, leaving more disposable income in their hands, given the current tax buoyancy.Additionally, there are…
India needs to generate 78.5 lakh jobs a year on average until 2030 in the non-farm sector to cater to the rising workforce, Economic Survey estimated, urging the private sector to contribute. The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to…
