‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’
1 month, 2 weeks ago

‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’

Live Mint  

Congress leader Rahul Gandhi hit back the Centre on Saturday over Budget 2025 noting that the ‘government is bankrupt of ideas’ Commenting on the Budget 2025, which was presented by Finance Minister Nirmala Sitharaman, he posted on X, “A band-aid for bullet wounds!” “Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Congress MP Rajmohan Unnithan welcomed the tax exemption on incomes upto ₹12 lakh, but said that apart from that the budget was "a disappointment". Trinamool Congress national general secretary and Lok Sabha MP Abhishek Banerjee said there was nothing for West Bengal in the Budget. The Finance Minister claims she is giving tax exemption up to ₹12 lakh, but the very next line was there is 10 per cent tax slab for ₹8 to ₹10 lakh income," he said.

India Bihar Tax Budget Congress Gandhi Budget 2025  tax  minister  middle  mp  rahul  modi  growth  netizens  gandhi  budget  sharam  slams  govt  hit  income  kar  lakh  rupees  million  kuchh

History of this topic

Haryana budget: Focus on women, AI but dip in capex a worry
18 hours, 2 minutes ago

Haryana budget: Focus on women, AI but dip in capex a worry

Hindustan Times  

Proposing an ambitious budget outlay of about ₹2.05 lakh crore for the 2025-26 financial year, Haryana chief minister Nayab Singh Saini on Monday presented his maiden budget estimates in the state assembly. Haryana chief minister Nayab Singh Saini The budget outlay of ₹2.05 lakh crore was about 8% higher than the ₹1.89 lakh crore presented by Saini’s predecessor Manohar Lal …

Karnataka Budget 2025 is gift to people: Dy CM DK Shivakumar
1 week, 3 days ago

Karnataka Budget 2025 is gift to people: Dy CM DK Shivakumar

Hindustan Times  

Karnataka Deputy Chief Minister DK Shivakumar on Friday lauded the 2025 state budget as a gift to the people of Karnataka. Ahead of this, Karnataka Chief Minister Siddaramaiah, while presenting the Budget, claimed that the state government has maintained the fiscal deficit of the state for the financial year 2025-26. According to the Karnataka government's Budget for the financial year …

Karnataka presents a Halal Budget: BJP jabs Congress over funds for Muslims
1 week, 4 days ago

Karnataka presents a Halal Budget: BJP jabs Congress over funds for Muslims

India Today  

The Karnataka government’s 2025 budget sparked a political row, with the BJP strongly criticising allocations made for minority welfare. The budget, presented by Chief Minister Siddaramaiah, earmarked Rs 1,000 crore for minority development, Rs 150 crore for Waqf property protection, Rs 100 crore for Urdu schools, and a Rs 6,000 monthly honorarium for Imams. Additionally, 4 per cent of public …

Karnataka Budget 2025: BJP says 'Halal Budget', criticises minority welfare funds, Muslim reservations - Karnataka News
1 week, 4 days ago

Karnataka Budget 2025: BJP says 'Halal Budget', criticises minority welfare funds, Muslim reservations - Karnataka News

India Today  

The Karnataka government’s 2025 budget sparked a political row, with the BJP strongly criticising allocations made for minority welfare. The budget, presented by Chief Minister Siddaramaiah, earmarked Rs 1,000 crore for minority development, Rs 150 crore for Waqf property protection, Rs 100 crore for Urdu schools, and a Rs 6,000 monthly honorarium for Imams. Additionally, 4 per cent of public …

A step backward for Odisha’s economy
1 week, 6 days ago

A step backward for Odisha’s economy

The Hindu  

The Bharatiya Janata Party government in Odisha presented the State Budget for 2025-26 in February, with a total Budget size of ₹2,90,000 crore. However, the BJP government’s fiscal performance over the last nine months has been unimpressive, giving an impression that its economic goals are like pie in the sky without an achievable action plan. Although the current borrowing is …

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare
2 weeks ago

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare

India TV News  

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare Chhattisgarh’s Rs 1.65 lakh crore budget for 2025-26 focuses on growth, infrastructure, and welfare under the ‘GATI’ theme. Chhattisgarh’s Finance Minister OP Chaudhary on Monday presented the state’s budget for the financial year 2025-26, amounting to Rs 1,65,000 crore. Welfare and agricultural support The …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
2 weeks, 1 day ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly
Trending News
2 weeks, 1 day ago

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly

The Hindu  

The Jharkhand Government on Monday tabled a ₹1.45 lakh crore Budget for the financial year 2025-26 in the State Assembly. The Jharkhand Mukti Morcha -led coalition Government had presented a Budget of ₹1.28 lakh crore for the 2024-25 financial year. Presenting the first budget of the Heman Soren’s government after retaining power in the assembly election last year, Mr. Kishore …

Andhra govt presents annual budget with outlay of ₹3.22L-cr
Trending News
2 weeks, 3 days ago

Andhra govt presents annual budget with outlay of ₹3.22L-cr

Hindustan Times  

Andhra Pradesh finance minister Payyavula Keshav on Friday presented the state’s annual budget for the financial year 2025-26 in the state legislative assembly with an outlay of ₹3.22 lakh crore. They are Thalliki Vandanam, a revised “Amma Vodi scheme” of the previous YS Jagan Mohan Reddy government providing financial assistance to women for sending their children to schools; and Annadata …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
2 weeks, 4 days ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
2 weeks, 4 days ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
1 month ago

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal

The Hindu  

Odisha Chief Minister Mohan Charan Majhi on Monday presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product. Presenting his first full budget after Bharatiya Janata Party came to power in Odisha in June 2024, Mr. Majhi said, “I propose the …

Odisha budget to target faster growth, raise social sector spending
1 month ago

Odisha budget to target faster growth, raise social sector spending

New Indian Express  

BHUBANESWAR: The size of the state budget is likely to touch Rs 3 lakh crore, up from Rs 2.65 lakh crore in 2024-25, when Chief Minister Mohan Charan Majhi presents the annual budget in the Assembly on Monday. With the latest Odisha Economic Survey projecting state’s economy to expand in the range of 8 per cent to 8.5 per cent …

West Bengal government presents Rs 3.9L cr poll Budget, DA hiked 4%
1 month ago

West Bengal government presents Rs 3.9L cr poll Budget, DA hiked 4%

New Indian Express  

KOLKATA: The West Bengal government on Wednesday announced a 4% increase in dearness allowance for its employees from April 1 in the budget presented by state finance minister Chandrima Bhattacharya. Bhattacharya said, “With this 4 per cent increase in DA, we are reaffirming our commitment to the welfare of our employees.” The hike would bring the total DA to 18 …

West Bengal Budget Promises 4% DA Hike, Announces Public Welfare Projects
1 month ago

West Bengal Budget Promises 4% DA Hike, Announces Public Welfare Projects

Deccan Chronicle  

Kolkata: In its last full scale budget before the Assembly Election in 2026, the Mamata Banerjee government hiked the dearness allowance of its employees by four per cent and announced several public welfare projects in West Bengal. State finance minister Chandrima Bhattacharya, who tabled the budget Rs 3.89-lakh crores in the House on Wednesday, informed that the state government employees’ …

West Bengal Budget: Mamata govt allocates more funds for social welfare, women and govt employees in pre-poll year budget
1 month ago

West Bengal Budget: Mamata govt allocates more funds for social welfare, women and govt employees in pre-poll year budget

The Hindu  

With a significant focus on social welfare schemes and allocating more funds for women, West Bengal Finance Minister Chandrima Bhattacharya on Wednesday tabled a ₹3.89-lakh crore budget for the pre-poll financial year 2025-26. The major highlights of the budget included ₹1,500 crore allocation for the improvement of rural roads across the state under Pathasree scheme, ₹200 crore for Nodi Bandhan …

Only empty promises, no specific roadmap, says Opposition on Union Budget
1 month, 1 week ago

Only empty promises, no specific roadmap, says Opposition on Union Budget

The Hindu  

Continuing the debate on the Union Budget in Parliament, MPs from the Opposition said the government had failed to resurrect India’s manufacturing sector, had given inadequate allocation for health and education, and lacked a roadmap to deal with the challenge of artificial intelligence. All that the Finance Minister said was that we are going to set up 100 centres of …

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts
1 month, 1 week ago

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts

The Hindu  

BJP returns to power in Delhi after 26 years The BJP on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign. Union Budget: No income tax up to ₹12 lakh, tax slabs revised Finance Minister Nirmala Sitharaman …

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report
1 month, 1 week ago

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

Hindustan Times  

The income tax relief which the Budget 2025 provided, coupled with the Reserve Bank of India's repo rate cut will boost recovery in consumption in the economy, a report by news agency ANI quoted Finance Minister Nirmala Sitharaman as saying. Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025. Besides this, the …

How Modi’s Union budget played a key role in BJP’s victory in Delhi assembly elections
1 month, 1 week ago

How Modi’s Union budget played a key role in BJP’s victory in Delhi assembly elections

Live Mint  

The BJP's return to Delhi after 27 years, one of their strongest showings ever in the national capital, has been boosted in no small way by last week's Union budget, which slashed income tax for the salaried middle class, a key voting bloc in the capital. Almost 30 years later, the same middle class has swung them back to power,” …

India’s taxation crisis: Can 1% bear such a large country’s burden?
1 month, 1 week ago

India’s taxation crisis: Can 1% bear such a large country’s burden?

Live Mint  

With just about 1% of Indians expected to fund about a third of the government’s gross tax revenue next fiscal year, India has a taxation problem. Data from the Central Board of Direct Taxes indicates that the number of people filing tax returns has risen by 82% over the past nine years, reaching 104 million in assessment year 2023-24. His …

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact
1 month, 1 week ago

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact

The Hindu  

Published : Feb 06, 2025 14:47 IST - 5 MINS READ In the recent Union Budget, the BJP government has once again paraded its so-called achievements in the Budgetary announcements—billions allocated, millions covered, and proclamations of “Viksit Bharat” by 2047. And yet, four years later, the government has extended it for another five years at an estimated cost of Rs.11.80 …

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi
1 month, 2 weeks ago

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi

Live Mint  

New Delhi: Prime minister Narendra Modi on Tuesday said the income tax rationalization undertaken by the Centre in the last 10 years has left more money in the hands of the middle class. "In the last years, by lowering income tax we have increased the income of the middle class. Presenting the budget, finance minister Nirmala Sitharaman had said that …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 2 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

Using a tax prod to goad the great Indian middle class
1 month, 2 weeks ago

Using a tax prod to goad the great Indian middle class

New Indian Express  

February 1 was a firecracker moment for the great Indian middle class. In her record 8th budget as finance minister, Nirmala Sitharaman announced a whole set of new income tax slabs, and a set of new tax rates that has India salivating. The government is proposing to sacrifice as much as Rs 1,00,000 crore in direct tax revenues, which would …

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
1 month, 2 weeks ago

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Hindustan Times  

The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax relief announced in Saturday’s Union Budget was an acknowledgement of the contribution of citizens who pay their fair share towards nation-building, or, as she repeatedly stressed, a manifestation of “respect”. …

Budget 2025 overlooks joblessness
Trending News
1 month, 2 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

FM Sitharaman says ministry bureaucrats needed to be convinced to cut income tax, not the PM
1 month, 2 weeks ago

FM Sitharaman says ministry bureaucrats needed to be convinced to cut income tax, not the PM

Op India  

The budget for 2025-26 has provided major relief for the middle class by reducing the income tax burden. Finance Minister Nirmala Sitharaman in her budget speech announced substantial changes to the tax structure and raised the minimum taxable income to ₹12 lakh. Amid this, Finance Minister Nirmala Sitharaman revealed that PM Modi had readily agreed to cut income tax, but …

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times
1 month, 2 weeks ago

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times

Live Mint  

Finance minister Nirmala Sitharaman has presented a strong Union budget for 2025-26. While introducing tax cuts and enhancing public capital expenditure, the budget appropriately recognizes maintaining fiscal prudence as a fundamental requirement for achieving sustainable growth. The budget’s triumvirate of support for consumption through tax cuts, an increase in capex for infrastructure and a fiscal deficit reduction will lay India’s …

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi
Trending News
1 month, 2 weeks ago

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi

Live Mint  

Prime Minister Narendra Modi on Sunday took a swipe at the Congress party and invoked former Prime Ministers Jawaharlal Nehru and Indira Gandhi to highlight the income tax relief announced in Budget 2025. On Saturday, presenting the Union Budget 2025 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on income up to …

’PM Modi was very clear...’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh
Top News
1 month, 2 weeks ago

’PM Modi was very clear...’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Live Mint  

Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman announced on Saturday that there would be “no income tax payable up to income of ₹12 …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 2 weeks ago

This budget is remarkable for its fiscal restraint—apart from other aspects

Live Mint  

The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. Importantly, in absolute terms, the fiscal deficit is likely to remain flat at ₹15.7 trillion in 2025-26, as compared to 2024-25, and lower than its level of ₹16.5 trillion …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 2 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust
1 month, 2 weeks ago

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust

Live Mint  

New Delhi: Following finance minister Nirmala Sitharaman’s proposed income tax relief for salaried individuals, India’s consumer industry executives are looking forward to a rate cut that could provide a further boost to fire up India’s sluggish urban consumption. “This budget would kickstart a virtuous cycle of consumption-led growth," said Sanjiv Puri, president, Confederation of Indian Industry, and chairman and managing …

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025, netizens in celebration mode
1 month, 2 weeks ago

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025, netizens in celebration mode

India TV News  

The internet is buzzing with emotions after Finance Minister Nirmala Sitharaman announced a tax break for India's middle class on Saturday, claiming that those earning up to Rs 12 lakh will not be required to pay any income tax under the new regime. Nirmala Sitharaman, who delivered the Union Budget for 2025-26 in the Lok Sabha at 11 a.m., stated …

‘Politically driven with an eye on Delhi and Bihar elections’: Opposition flays budget
1 month, 2 weeks ago

‘Politically driven with an eye on Delhi and Bihar elections’: Opposition flays budget

New Indian Express  

Highlighting the financial performance in 2024-25, he said the revised revenue receipts are lower by Rs 41,240 crore and the revised net tax receipts by Rs 26,439 crore. “The cruelest cuts were in allocations for the SC, ST, OBC and minorities,” he said citing examples of PM Anysuchit Jaati Abhyuday Yojana and PM Young Achievers Scholarship for OBC, EBC, DNT. …

Will they spend? A ₹1L cr question
1 month, 2 weeks ago

Will they spend? A ₹1L cr question

Times of India  

FM gives taxpayers relief at last, but brisk growth is unlikely without long-overdue structural reforms Budget becomes a talking point when people see what’s in it for them. Context | FMs don’t fix what’s not broken, so if Sitharaman is willing to give up ₹1L cr in income tax next fiscal – 10% of the target in FY25 – she …

Watch: Budget 2025 round-up: Bonanza for the middle class
1 month, 2 weeks ago

Watch: Budget 2025 round-up: Bonanza for the middle class

The Hindu  

Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, which has been stuck in a rut lately. FM Nirmala Sitharaman delivered a big announcement for this class -- in her Budget speech, she announced that there would be no income tax for incomes up to ₹12 lakh. The Finance Minister …

Karnataka’s tax devolution this fiscal stands at ₹ 51,876 crore
Trending News
1 month, 2 weeks ago

Karnataka’s tax devolution this fiscal stands at ₹ 51,876 crore

The Hindu  

The 2025-26 Union Budget, presented by Finance Minister Nirmala Sitharaman on Saturday, devolves ₹51,876 crore to Karnataka as its share in taxes and duties, which stood at ₹46,932.72 in the previous fiscal. While this shows a marginal increase, Chief Minister Siddaramaiah has expressed unhappiness over several of the specific demands of the State, which were put forth, not being met, …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 2 weeks ago

Union Budget 2025: Tax bonanza for middle class

The Hindu  

If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh …

India’s budget does well to drive growth despite a fiscal pullback
1 month, 2 weeks ago

India’s budget does well to drive growth despite a fiscal pullback

Live Mint  

The Union budget was presented on Saturday in the backdrop of sluggish real growth and stubborn albeit declining headline inflation with the latest print above 5%. For the upcoming budget year, nominal gross domestic product has been projected to grow at 10.1% over the half year-based First Advance Estimate for the current year, yielding a budgeted GDP denominator of ₹356.97 …

'Will benefit only 20-25 people': Rahul Gandhi slams Union Budget 2025
1 month, 2 weeks ago

'Will benefit only 20-25 people': Rahul Gandhi slams Union Budget 2025

Op India  

Congress leader and Lok Sabha Leader of Opposition, Rahul Gandhi, on Saturday criticized the Union Budget 2025, claiming it was designed to benefit only 20-25 individuals and enrich billionaires. Dismissing the significance of the income tax exemption up to ₹12 lakh—one of the budget’s key highlights—he remarked, “The budget presented today is aimed at benefiting 25 people. Earlier today, Union …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 2 weeks ago

Budget 2025 | No tax for incomes up to ₹12 lakh

The Hindu  

With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. To boost consumption, savings and investment Explaining the rationale for the revision in taxation limit, the Minister said the new structure would substantially reduce taxes for the middle class and provide more …

Will income tax booster by Modi government safeguard stock market bulls against FII selloff?
1 month, 2 weeks ago

Will income tax booster by Modi government safeguard stock market bulls against FII selloff?

Live Mint  

The Union Budget provided a major relief to middle-class taxpayers as Finance Minister Nirmala Sitharaman raised the income tax exemption limit to ₹12 lakh. According to stock market analysts, this move could increase the disposable income in the hands of the middle class, which could flow into the stock markets, providing further cushion against the heavy foreign investor selling that …

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?
1 month, 2 weeks ago

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?

Live Mint  

Budget 2025: Any individual earning ₹12 lakh will pay zero tax in 2025-26, against ₹80,000 she has to pay in the current financial year, if she chooses the new tax regime to file her returns. Her colleague Viraj earns ₹18 lakh annually, and he, too, will see his tax liability drop with the new tax regime. Ankita will get a …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
1 month, 2 weeks ago

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Firstpost  

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the major announcements of the Budget Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. Here’s a quick look at …

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025
1 month, 2 weeks ago

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025

Firstpost  

After Union Finance Minister Nirmala Sitharaman proposed to make income up to Rs 12 lakh tax-free in the Budget 2025-26, among other measures, experts said it was a pro-growth budget that sought to focus on wealth creation for the middle class with eyes on triggering consumption-led growth A customer looks at consumable goods before buying them at a supermarket in …

The Hindu’s Top news of the day - February 1, 2025
Top News
1 month, 2 weeks ago

The Hindu’s Top news of the day - February 1, 2025

The Hindu  

No income tax payable for income up to ₹12 lakh under new tax regime: Finance Minister Nirmala Sitharaman In the most anticipated announcement this Union Budget 2025, Finance Minister Nirmala Sitharaman, on Saturday, announced that there would be no income tax for incomes up to ₹12 lakh. It is a people’s Budget.” Union Finance Minister Nirmala Sitharaman presented the Union …

Will income tax relief announced in Budget be gamechanger in Delhi polls?
1 month, 2 weeks ago

Will income tax relief announced in Budget be gamechanger in Delhi polls?

Deccan Chronicle  

New Delhi: While the Election Commission has barred the BJP-led Central government from making Delhi-specific announcements in the Union Budget, the income tax relief for the middle class is seen by many as a possible game-changer in the February 5 Assembly polls. Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman said that no income tax would be payable up …

One crore more people will pay no income tax due to hike in rebate to Rs 12 lakh: FM
1 month, 2 weeks ago

One crore more people will pay no income tax due to hike in rebate to Rs 12 lakh: FM

Firstpost  

The government has put “substantial amount of money” in hands of people through rejig of I-T slabs in the Budget and an additional 1 crore people will pay no tax due to hike in tax rebate to Rs 12 lakh per annum, Finance Minister Nirmala Sitharaman said on Saturday The government has put “substantial amount of money” in hands of …

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