Search For "exempt"
Budget 2025: One crore middle-income taxpayers to be out of tax net with r
Updated : 1 year, 3 months ago IST
Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class
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JP Nadda calls Union Budget "balanced and all-inclusive", thanks PM Modi,
Updated : 1 year, 3 months ago IST
Nadda also pointed out the tax exemption from income of up to Rs 12 lakhs, which remained the major highlight for the budget, and thanked Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi for the same.
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"Budget provides relief to salaried middle class": Union Minister Puri lau
Updated : 1 year, 3 months ago IST
"When the Congress was in office, in 2014, if you earned Rs 2.5 lakh (per annum), you had to pay income tax. Now, the figure has gone up to Rs 12 lakh, which is a five times increase. Secondly, if you're earning up to Rs eight lakh, you save Rs 30,000. If you're earning up to Rs 12 lakh,
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To benefit from income tax relief, you need jobs: Shashi Tharoor takes dig
Updated : 1 year, 3 months ago IST
Taking a dig at the Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Saturday, Congress MP Shashi Tharoor said that to benefit from tax exemption, one actually needs an income source.
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"Provides feel good factor, to encourage spending": Union Minister Hardeep
Updated : 1 year, 3 months ago IST
Union Minister Hardeep Singh Puri called this year's Union Budget excellent and highlighted the income tax exemption up to Rs 12 lakhs which he said will increase the middle class spending, giving a fillip to the economy.
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Union Budget 2025: FM Sitharaman announces expansion of list of lifesaving
Updated : 1 year, 3 months ago IST
In a significant move to provide relief to patients battling severe chronic ailments, Finance Minister Nirmala Sitharaman has announced the expansion of the list of lifesaving drugs and medicines fully exempted from Basic Customs Duty (BCD) in the Union Budget 2025-26.
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"A dream budget for middle Class": Maharashtra CM Devendra Fadnavis applau
Updated : 1 year, 3 months ago IST
Maharashtra CM Devendra Fadnavis praises Union Budget 2025, calling it a 'dream budget' for the middle class. He highlights increased income tax exemption, expected benefits for MSMEs, and a focus on agriculture schemes as major positives for the economy.
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Microenterprises seek faster loans, simpler rules, and higher GST exemptio
Updated : 1 year, 3 months ago IST
Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, "One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays."
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Budget 2025: Jayant Sinha suggests tax exemptions for individuals earning
Updated : 1 year, 3 months ago IST
In the run-up to the Budget for 2025-26, former BJP MP and financial market observer, suggested that individuals earning up to Rs 10 lakh per annum should enjoy the benefits of tax exemption.
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Salaried class likely to get some relief from Finance Minister Nirmala Sit
Updated : 1 year, 4 months ago IST
The current tax structure, with a basic exemption limit of Rs3,00,000 under the new tax regime, has drawn criticism for being outdated in the face of escalating living costs.
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Budget 2025: SBI urges higher healthcare spending, uniform GST on medical
Updated : 1 year, 4 months ago IST
As the Union Government gears up for Budget 2025, a report by State Bank of India stated that the government should give significant focus to revitalizing the insurance and healthcare sectors in the country.
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STT Abolition and IT Exemption Revision Top Budget Expectations: Akshat Kh
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], January 22: Abolition of Securities Transaction Tax (STT) and the revision of the income tax exemption slab to Rs 25 lakh are two major expectations from the upcoming Union Budget - 2025, said Akshat Khetan, corporate and legal advisor and Founder of AU Corporat
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