Search For "income tax"
Despite income tax cuts, India on track for fiscal consolidation: S&P
Updated : 1 year, 5 months ago IST
Finance minister Nirmala Sitharaman on Saturday announced zero tax on income of up to Rs 12 lakh. The union government will forego a revenue of Rs 1 lakh cr because of this cut.
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Income tax cuts in union budget to boost 2-wheeler and passenger vehicle s
Updated : 1 year, 5 months ago IST
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
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Abhay Bhutada Applauds Union Budget 2025: India's Future Is Bright
Updated : 1 year, 5 months ago IST
New Delhi [India], February 3: On 1st Feb 2025, the nation was hoping to get some news of relief through the Union Budget. Nirmala Sitharaman, our Union Finance Minister presented her 8th budget this time. This one has to be one of the most positively received budgets in recent years because
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New tax structure to benefit 5.65 cr taxpayers, will collectively save aro
Updated : 1 year, 5 months ago IST
The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above.
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Govt earns most from borrowings, spends major share of Budget on interest
Updated : 1 year, 5 months ago IST
India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the revenue.
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Assam CM Himanta Sarma welcomes Union Budget 2025, hails tax relief for mi
Updated : 1 year, 5 months ago IST
"I welcome the budget presented by Finance Minister Nirmala Sitharaman. I welcome all the proposals, especially the income tax exemption for those earning up to Rs 12 lakh. This is a huge relief to the middle and lower-middle class, and I thank her for this," Sarma said.
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Big tax relief to boost disposable income, stimulate consumption: Experts
Updated : 1 year, 5 months ago IST
Tax experts, industry observers, and banking leaders have lauded the Union Budget 2025-26 for its focus on economic growth, tax relief, and innovation across sectors.
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Union Budget provides big tax relief, push for manufacturing; Congress sa
Updated : 1 year, 5 months ago IST
The Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman in Parliament on Saturday, provided major relief to the salaried class with no income tax on an average monthly income of up to Rs one lakh to boost household savings and consumption with the government also
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Enough guardrails in Budget proposal to enhance FDI limit in insurance sec
Updated : 1 year, 5 months ago IST
She said while the exemption applies up to Rs 12 lakh, the rates across income bands have been reduced, ensuring lower taxes for all.
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Union Education Minister Dharmendra Pradhan lauds historic Budget 2025-26
Updated : 1 year, 5 months ago IST
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha outlining a roadmap for India's continued economic expansion, emphasizing agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports.
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"This Budget propels us toward our vision of Viksit Bharat 2047": Ram Moha
Updated : 1 year, 5 months ago IST
Union Minister for Civil Aviation Ram Mohan Naidu welcomed the announcements made in the Union Budget, saying that this Budget propels us toward our vision of Viksit Bharat 2047.
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"Demands from farmer organisations ignored, no mention of MSP": Jairam Ram
Updated : 1 year, 5 months ago IST
"If you talk about farmers, what did they receive? There is no mention of a Minimum Support Price (MSP). There was no mention of a debt waiver by the Finance Minister. There was no mention of improvements in the Pradhan Mantri Fasal Bima Yojana," Ramesh told ANI.
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