New Delhi, Jul 23 (UNI) Borrowing and other liabilities constitute largest part every rupee earned by the government in the current financial year while states’ share of taxes and duties will be largest out go. According to General Budget for 2024-25 presented by the Finance Minister Ms Nirmala Sitharaman, the government gets 27 paise of…
New Delhi, July 23 (UNI) Prime Minister Narendra Modi on Monday hailed the Union Budget 2024-25, saying this budget is going to empower every section of the society and provide countless new opportunities to the youth. “This is a budget that will take the villages, poor and farmers of the country on the path of…
New Delhi, July 23 (UNI) The Congress on Tuesday alleged that Finance Minister Nirmala Sitharaman has taken a leaf out of the party’s apprentice scheme as proposed in their Nyay Patra, but the Government managed to design it in their ‘trademark style’ to grab headlines. On his social media handle X, party spokesperson Jairam Ramesh…
New Delhi, July 23 (UNI) Union Finance Minister Nirmala Sitharaman on Monday announced an allocation of more than Rs 3 lakh crore for schemes benefitting women and girls. Presenting the Union Budget in Lok Sabha, she said, “This signals our government’s commitment for enhancing women’s role in economic development”. Recalling the focus on Women in…
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…
