New Delhi, July 23 (UNI) In Union Budget 2024-25, Finance Minister Nirmala Sitharaman on Tuesday proposed to bring down the “Tax Deducted at Source” (TDS) from existing the 5 per cent to 2 per cent on eight types of earnings while omitting the section where TDS is 20 per cent. The items or payments which…
New Delhi, July 23 (UNI) The Government on Tuesday proposed a comprehensive review of the Income Tax Act aiming to simplify and rationalize taxation norms and potentially provide further relief to taxpayers, enhancing their disposable income. While presenting the budget for 2024-25, Union Finance Minister Ms Nirmala Sitharaman said it is proposed to introduce a…
New Delhi, July 23 (UNI) Finance Minister Nirmala Sitharaman on Tuesday announced the launch of PM Surya Ghar Muft Bijli Yojana, aiming to instal solar panels in 1 crore households for providing 300 units of free electricity every month. Presenting Union Budget 2024-25, Sitharaman said the scheme has generated remarkable response with more than 1.28…
New Delhi, July 23 (UNI) In a bid to simplify direct tax laws in the country, Union Finance Minister Nirmala Sitharaman on Tuesday announced to comprehensively review the Income Tax Act, 1961. “The purpose is to make the Act concise, lucid, easy to read and understand. This will reduce disputes and litigation, thereby providing tax…
New Delhi, July 23 (UNI) Here are the new Income Tax Slabs for FY 2024-25 Income Range —– Tax Rate Up to Rs 3 lakh — NIL From Rs 3 lakh to Rs 7 lakh — 5% From Rs 7 lakh to Rs 10 lakh —- 10% From Rs 10 lakh to Rs 12 lakh…
New Delhi, July 23 (UNI) In keeping with the Narendra Modi government’s focus on the agriculture sector, Finance Minister Nirmala Sitharaman allocated Rs 1.52 lakh crore for agriculture and allied sectors in Budget 2024-25. Sitharaman also emphasised the importance of research and development in the agriculture sector. She said that the Centre will promote digital…
New Delhi, July 23 (UNI) Union Finance Minister Nirmala Sitharaman on Tuesday announced the construction of 3 crore additional houses in rural and urban areas under the PM Awas Yojana. Presenting the Union Budget 2024-25, the FM announced the inclusion of one crore urban poor and middle-class families under the PM Awas Yojana Urban 2.0….
New Delhi, July 23 (UNI) Presenting Union Budget 2024-25 on Tuesday in Lok Sabha, Finance Minister Nirmala Sitharaman loosened the purse strings for Andhra Pradesh and Bihar where two of the regional parties in power are crucial coalition partners in the Modi 3.0 government. Telugu Desam Party (TDP) from Andhra Pradesh and Janata Dal (United)…
New Delhi, July 23 (UNI) Finance Minister Nirmala Sitharaman on Tuesday announced a special financial package of Rs 15,000 crore for Andhra Pradesh as she presented the Union Budget 2024-25 in Lok Sabha. Announcing the package, Sitharaman said that concerted efforts would be made to fulfill the commitments under the Andhra Pradesh Reorganisation Act, and…
New Delhi, July 23 (UNI) Finance Minister Nirmala Sitharaman on Tuesday announced a special financial package of Rs 15,000 crore as she presented the Union Budget 2024-25 in Lok Sabha. Announcing the package, Sitharaman said that concerted efforts would be made to fulfill the commitments under the Andhra Pradesh Reorganisation Act, and Rs 15,000 crore…
