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.
"We are expecting the budget to be better than the previous year. The tax slab should be revised by the government. We expect the prices of petrol and LPG to be reduced. The connectivity of railways has improved in the last 5-10 years, this should continue...," Amit Sharma, a local reside
New Delhi [India], April 7 (ANI/PNN): Union Budget 2023-24 Highlights: Announcing its last full Union Budget 2023 before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Yout
New Delhi [India], February 7 (ANI/SRV): The announcement of the revised tax slabs, presented in the Union Budget 2023 by the Finance Minister, Nirmala Sitaraman on the 1st of February came with a New Scheme under which there will be no payable income tax for those under 7LPA of personal inc
Union Finance Minister Nirmala Sitharaman on Wednesday announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
Sitharaman noted that the world has recognised the Indian economy as a 'bright star' which is expected to grow in the current year at seven per cent - the highest among all the major economies.
In her Budget speech finance minister Nirmala Sitharaman also proposed to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 lakh.
As only hours are left before Union Finance Minister Nirmala Sitharaman will table the Union Budget for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary on Wednesday said that this budget would fine-tune with the expectations of the general public and that India'
While presenting its pre-budget memorandum to the Ministry of Finance, the Confederation of Indian Industry (CII) outlined a four-point agenda to re-energise growth in the economy.
New Delhi [India], July 29 (ANI): The due date for income tax return (ITR) filing for the financial year 2021-22 or assessment year 2022-23 is July 31, 2022. If you have already filed the return or manage to file it before the due date, it's well and good. But, what happens if you fail to fi
Islamabad [Pakistan], July 5 (ANI): Pakistan government has quietly increased the threshold for higher duties on expensive cigarette brands to keep smoking affordable in the country.