NEW DELHI: Exuding confidence about BJP‘s prospects in Delhi polls, Prime Minister Narendra Modi called the Union Budget presented a day earlier “the most pro-middle class in India’s history”, highlighted measures announced by the finance minister and wooed govt employees by pointing to the announcement of the new Pay Commission.“See you at the victory celebrations…
NEW DELHI: Finance minister Nirmala Sitharaman, paraphrasing Abraham Lincoln, described the Union Budget as “by the people, for the people, of the people” during an interview with PTI on Sunday. She said that Prime Minister Narendra Modi was fully supportive of tax cuts, but bureaucratic hurdles delayed the decision. “We have heard the voice of…
The FM also announced that a person with an annual income of Rs 18 lakh will get a benefit of Rs 70,000 in tax while persons with an annual income of Rs 25 lakh will get a benefit of Rs 1,10,000 in tax. Union Finance Minister Nirmala Sitharaman‘s presentation of Budget 2025-26 on Saturday has…
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday gave a big bonanza to the salaried people as she announced income tax exemption for individuals earning up to Rs 12 lakh annually.“I am now happy to announce that there will be no income tax payable up to income of Rs 12 lakh (i.e. average income of…
Budget 2025 expectations: PM Modi’s mention of the middle class a day ahead of the Union Budget speech has left everyone wondering… Budget 2025 expectations: Prime Minister Narendra Modi addressed the media at the start of Parliament’s Budget session today. Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025.Interestingly, the…
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi made yet another visit to a local barber shop and heard about his ordeal. The Congress leader posted a video of his interaction with the barber on X to tell “the story of every hard-working poor and middle class person of India today”.In the video,…
MUMBAI: The middle class with their growing aspirations and increasing ability to spend are becoming key to the strategy of consumer goods companies as they look to identify new growth spaces and expand their market share. The segment’s inclination for trying new products and better choices are nudging companies to innovate, creating room for premiumisation.”A…
NEW DELHI: Industry lobby groups CII and PHDCCI have demanded personal tax benefits for the middle class, with Ficci backing a simplification in the direct tax regime in the budget.During a meeting with revenue secretary Sanjay Malhotra, CII president Sanjiv Puri pitched for marginal relief in tax for taxable income up to Rs 20 lakh,…
