This Budget is for aspirations of 140cr Indians… It’s a force multiplier… will increase savings…and growth —PM Modi Happy early Diwali. Or should we say, belated Happy New Year? Whatever your preferred greeting, here’s the takeaway — FM Nirmala Sitharaman Saturday unveiled a Budget bonanza for taxpayers, particularly the middle class, which has been reeling…
Union finance minister Nirmala Sitharaman on Saturday tabled the Budget 2025 announcing a slew of measures, including no tax on income up to Rs 12 lakh. Here’s a look into the gains and pains that the Budget offers: Gains for taxpayers No tax on income up to 12L. With standard deduction, salaried remain tax free…
Finance minister Nirmala Sitharaman announced a significant increase in allocation for the education sector, focusing on last-mile broadband connectivity in rural schools that were worst hit by insufficient internet coverage during Covid. Infrastructure expansion for IITs, medical education and AI in learning were also among the Budget highlights.The digital push is expected to boost broadband…
In presenting the Union Budget for 2025-26, finance minister Nirmala Sitharaman would seem to have managed the envious task of giving out generously to the taxpayer while remaining fiscally responsible and prudent.How has she managed to do this?The short answer is that it has been achieved partly through curbing ambition in spending to create assets…
Indian Finance Minister Nirmala Sitharaman, carrying a red pouch containing budget documents, poses for a photograph with colleagues as she arrives to present the federal budget in the Parliament in New Delhi, India, Saturday, Feb. 1, 2025. (AP Photo) Union Budget 2025 proposes the removal of import duties on several key mobile phone components. Finance…
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 relief to the middle class as she announced zero income tax for up to Rs 12 lakh under the new tax regime.For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs…
NEW DELHI: Finance minister Nirmala Sitharaman, in the Union Budget 2025, announced the launch of the second asset monetization plan for 2025-30, aiming to generate Rs 10 lakh crore by monetizing government-owned assets and reinvesting the funds into new infrastructure projects. The government will also refine regulatory and fiscal measures to ensure the plan’s successful…
NEW DELHI: The opposition on Saturday criticised the Union Budget presented by finance minister Nirmala Sitharaman and claimed that the government missed the opportunity to cut slacks for several groups.Congress MP and leader of opposition in Lok Sabha Rahul Gandhi accused the government of putting a “band-aid for bullet wounds” and claimed that the Centre…
Tax was the most used word NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday presented her eighth consecutive Budget. This brings her closer to the record of 10 budgets presented by former Prime Minister Morarji Desai, who holds the record for the most budgets presented across different terms. She is also the first woman…
