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…
Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives with regard to National Pension Scheme (NPS) – extension of NPS 14% employer contribution benefits to private setcor and the intended launch of NPS Vatsalya.Budget 2024 announced the hiking of the tax deduction limit on private sector…
Finance Minister Nirmala Sitharaman’s Budget 2024 has introduced a significant increase in the standard deduction limit, providing greater tax relief for salaried individuals and pensioners. Here’s a detailed look at the changes and their implications. Union Budget 2024: New standard deduction limits In a move aimed at boosting tax savings, the Finance Minister announced that…
Sukanya Samriddhi Yojana deposit deadline: Parents investing in Sukanya Samriddhi Yojana (SSY) for their daughters should deposit the money before April 5 to maximise returns for the current financial year, 2024-25. Early investments qualify for higher tax-exempt interest, ensuring greater savings for the future of the girl child.Investing in Sukanya Samriddhi Yojana for your daughter’s…
