NEW DELHI: Cigarette prices will not be changed after the Centre announced no tax hike on Tobacco products in the Union Budget 2024 presented on Tuesday. While the Goods and Services Tax (GST) Council holds primary authority over the taxation of tobacco products, the central government also levies a National Calamity Contingent Duty (NCCD) on…
Budget 2024 income tax takeaways: Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of the Modi 3.0 government. This is the first full budget of the Modi Government post elections. With no major changes being announced in the interim budget, the expectations were high this time around. In line with Government’s focus on…
NEW DELHI: Union Budget 2024 on Tuesday opened floodgates of goodies for “ally” states Andhra Pradesh and Bihar – reflecting the political compulsion of Modi 3.0 government which is dependent on the support of Chandrababu Naidu and Nitish Kumar for its survival. Prime Minister Narendra Modi may not have accepted the demand for “special category…
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…
Budget 2024 income tax changes explained: Salaried taxpayers have reason to cheer! Finance Minister Nirmala Sitharaman announced major changes in the new income tax regime during her Union Budget 2024 speech. These changes will give many salaried taxpayers a benefit of Rs 17,500 – provided that they are opting for the new income tax regime!“Coming…
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…
NEW DELHI: Union finance minister Nirmala Sitharaman while presenting the 2024-25 budget on Tuesday announced Rs 15,000 crore for the development of Andhra Pradesh‘s Amaravati capital city project.The project was back on track after the return of Telugu Desam Party (TDP) an NDA ally in the Telugu state.The TDP and the JD(U) in Bihar, had…
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…
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…
Income Tax Expectations Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 and the Budget is being looked at for relief to salaried, middle class taxpayers and also the common man. What can you expect from the Modi 3.0 government’s Budget 2024? What are the top expectations from…
