The proposed hike in TDS (Tax Deducted at Source) on rentals up to Rs 6 lakh, as promised in the Union Budget 2025, aims to bolster rental investments, said Niranjan Hiranandani, Chairman, NAREDCO & Hiranandani Group in a conversation with ANI.
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.
Rajkot (Gujarat) [India], February 1: Rs.4981 lakh Right Issue of Ultracab (India) Ltd (BSE-538706) engaged in the manufacturing and exporter of electric wires and cable opened for subscription from January 28, 2025. Right issue of the company are attractively priced at a Rs.14.5 per share a
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.
"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,
JD(U) MP Sanjay Kumar Jha hailed Budget announcements as a major boost for Bihar, citing a new greenfield airport, Makhana Board, Western Kosi irrigation system, food-processing institute, and taxation relief up to Rs 12 lakhs.
According to an official release, this allocation is 9.53 per cent more than the Budgetary Estimate of FY 2024-25 and stands at 13.45 per cent of the Union Budget, which is the highest among the Ministries.
AAP MP Sanjay Singh has expressed disappointment over the Union Budget 2025, stating that small traders have been left out with no tax relief on their income of Rs 12 lakh.
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.
This marks a minor 0.9 per cent increase over last year's Budget Estimate of Rs 11.11 lakh crore, but if compared with revised estimate of 2024-25 at Rs 10.18 lakh crore, the budget estimate of 2025-26 is substantially higher.
The fund aims to support initiatives under the 'Cities as Growth Hubs' program, focusing on creative redevelopment of cities, water, and sanitation improvements.
Aimed at diversifying crops and attaining self reliance or Atmanirbharta, the government is set to launch a six-year pulses mission, with particular focus on tur, urad, and masoor.