Search For "income"
New tax proposal without indexation for real estate is beneficial in most
Updated : 1 year, 8 months ago IST
In a social media post on "X" the income tax department says the proposed new tax rate without indexation is beneficial in most cases.
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Budget has given new incentives to taxpayers for filing tax returns under
Updated : 1 year, 8 months ago IST
Under the proposed provisions, if a salaried or a retired taxpayer chooses the new tax regime, he will now get a standard deduction of Rs 75,000 instead of Rs 50,000, which was applicable till last year, on his/her salary or pension income. But for those who opt for the old tax regime the st
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Support price to allies instead of MSP for farmers: Akhilesh Yadav on Budg
Updated : 1 year, 8 months ago IST
"We all, especially the Samajwadi Party, were demanding that farmers should get MSP, so that their income doubles. But here we are seeing that the support price is given to the alliance partners who are saving their (BJP) government, rather than the farmers...," Yadav who participated in
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Industry leaders hail Union Budget as roadmap of Viksit Bharat
Updated : 1 year, 8 months ago IST
The industry leaders said that the continued capital expenditure-led growth, like spending on infrastructure, and housing will spur growth. The industry leaders further added that the budget also provides some degree of demand stimulus by giving certain tax reliefs, particularly the middle c
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Fund allocations to key sectors and schemes hiked in budget
Updated : 1 year, 8 months ago IST
The revenue to the government is generated from multiple sectors. Income tax contributes 19 per cent, borrowings and liabilities stand as the largest source at 27 per cent, and GST along with other taxes accounts for 18 per cent.
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Budget 2024: FM gives relief to salaried class on tax slabs and standard d
Updated : 1 year, 8 months ago IST
Finance Minister Nirmala Sitharaman has announced a significant set of income-tax reforms for the fiscal year 2024-25, aimed at simplifying tax laws, promoting compliance, and fostering economic growth.
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Congress MP Pramod Tiwari hopes Union Budget will offer further rebate in
Updated : 1 year, 8 months ago IST
As Union Finance Minister Nirmala Sitharaman is set to present the first budget of the NDA 3.0 government on Tuesday, Congress MP Pramod Tiwari expects the focus of the budget to be on unemployment, inflation, and further rebates in income tax slabs for the middle class, among others.
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Finance Minister Nirmala Sitharaman reaches Ministry ahead of Union Budget
Updated : 1 year, 8 months ago IST
Minister Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her seventh consecutive budget and eclipsing the late Moraji Desai's record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving the ease of doing
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FM Nirmala Sitharaman set to present Modi 3.0 govt's first budget today
Updated : 1 year, 8 months ago IST
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her seventh consecutive budget and eclipsing the late Moraji Desai's record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving th
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India's per capita income projected at Rs 14.9 lakh when country attains 1
Updated : 1 year, 8 months ago IST
As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently at Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500.
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Tamil Nadu CM Stalin urges funds for development in Union Budget 2024-25
Updated : 1 year, 8 months ago IST
Tamilnadu Chief Minister M K Stalin has raised demands for several development funds in the state from Union Budget 2024-25.
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ClearTax Empowers Zomato Delivery Partners with Seamless ITR Filing Techno
Updated : 1 year, 8 months ago IST
New Delhi [India], July 20: ClearTax, India's leading online tax-filing platform, today announced the launch of its groundbreaking WhatsApp-based Income Tax Return (ITR) filing solution. Zomato Partners with ClearTax to facilitate the ITR filing technology to its delivery partners. This grou
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