Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal
2 days, 23 hours ago

Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal

The Hindu  

Balagopal, while moving a motion for referring the Kerala Finance Bill, 2025 to a Subject Committee, in the State Legislative Assembly on Wednesday, reiterated that the new tax proposals for the 2025-26 fiscal were “minimal”. On the Opposition UDF charge that the court fee hikes proposed in the Budget were too steep, Mr. Balagopal said the revenue expected from this component would not meet even a fraction of the financial needs of the courts. Referring to the additional resource mobilisation of ₹366 crore proposed in the Budget, he said that the contents of the Finance Bill, which contained the tax proposals for the 2025-26 fiscal, would scarcely serve to resolve the financial squeeze experienced by the State. With regard to his Budget announcement on “substantial reduction” in the State’s fiscal difficulties, Mr. Balagopal said: “Saying that we are on a take-off phase doesn’t mean we’ve reached the other end, but we are on the runway and in an improved position.” The Finance Bill was later referred to the Subject Committee.

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History of this topic

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
5 days, 12 hours ago

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy

Live Law  

The New Income Tax Bill 2025 is regarded as a significant reform intended to streamline tax systems and enhance compliance. This article critically examines how the New Income Tax Bill 2025 jeopardizes fiscal federalism, the growing dependence on non-divisible surcharges and levies, and the potential risks states may soon face with diminishing financial strength and reduced fiscal autonomy. Although the …

India’s new income tax bill: It’s more concise and makes for a friendly tax law
1 month, 1 week ago

India’s new income tax bill: It’s more concise and makes for a friendly tax law

Live Mint  

The Income Tax Bill 2025 marks a significant step towards modernizing India’s tax framework, aiming to simplify compliance and enhance efficiency. By streamlining tax provisions, reducing redundancies, and introducing clearer legislative language, the Bill seeks to address long-standing complexities in the tax law. Tax simplifications and rationalization: The Bill introduces several key changes aimed at easing tax compliances and reducing …

New Income Tax Bill: Simpler, lighter and future-ready
1 month, 1 week ago

New Income Tax Bill: Simpler, lighter and future-ready

Live Mint  

The long-awaited bill for the new tax code was tabled in Parliament on Thursday. The bill fulfills the finance minister's commitment to provide an income tax law that is straightforward for both taxpayers and tax administrators, aiming to establish tax certainty and reduce litigation. As promised, on the first flush, the new income tax bill is direct in text, replacing …

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
1 month, 1 week ago

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know

Live Mint  

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday, 13 February. New Income Tax Bill 2025 tabled in Parliament. “Based on my cursory reading of the new income tax bill, I feel it is merely a good job of editing the existing Income Tax Act. 8) Taxes for cryptocurrency In Clauses 67 to …

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP
1 month, 1 week ago

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP

Live Mint  

Finance Minister Nirmala Sitharaman will table the Income Tax Bill 2025 in the Lok Sabha today, February 13. According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the Income Tax Bill 2025. Complicated bill says, Congress MP Congress leader Manish Tewari had called the Bill ‘complicated.’ “The Union Finance Minister had said …

New Income Tax Bill 2025: What are expected changes and how will they affect you?
1 month, 1 week ago

New Income Tax Bill 2025: What are expected changes and how will they affect you?

Hindustan Times  

The central government may table the new Income Tax Bill 2025 in Parliament on February 13. The bill proposes to replace the term ‘Financial Year’ with the term ‘Tax Year’ and do away with the term ‘Previous Year’. The term ‘Tax Year’ then will represent the 12-month period starting from April 1, aligning it with the financial year framework. The …

Tax Monthly Digest: January 2025
1 month, 1 week ago

Tax Monthly Digest: January 2025

Live Law  

SUPREME COURT Motor Accident Claims - Tax Returns Can Be Accepted To Determine Income Only If They Are Appropriately Produced : Supreme Court Case name: New India Assurance Co. Ltd. V. Sonigra Juhi Uttamchand. A division bench of Justices Yashwant Varma and Dharmesh Sharma ruled, “The Commissioner, while seeking to review an order passed under the Act and in purported …

RBI, FinMin to work together; Tax relief, interest rate cut to boost demand: FM Sitharaman ahead of new I-T bill
1 month, 1 week ago

RBI, FinMin to work together; Tax relief, interest rate cut to boost demand: FM Sitharaman ahead of new I-T bill

Live Mint  

Finance Minister Nirmala Sitharaman said on Saturday, February 8, 2025 that fiscal and monetary measures announced by the government and the central bank recently will help boost consumption and promote private investment. 'Tax relief, interest rate cut to boost consumption' As a result of tax relief proposals, the government will forego revenue of ₹1 lakh crore in direct taxes and …

No populist measure as Kerala budget focusses on infra push
1 month, 2 weeks ago

No populist measure as Kerala budget focusses on infra push

Hindustan Times  

Kerala finance minister KN Balagopal presented the financial outlay of the state for FY 2025-26 on Friday, seeking to mop up revenue mobilising measures through tax hikes on land and vehicles, push the accelerator on building infrastructure and steering clear of populist measures ahead of local body elections this year and the assembly polls next year. In an address that …

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth
1 month, 2 weeks ago

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth

The Hindu  

A 50% hike in the land tax, expected to bring in an additional ₹100 crore for the State government, plans to transform the Kerala Infrastructure Investment Fund Board into a “revenue-generating entity,” as well as announcements aimed at boosting investment-friendly infrastructure, marked the 2025-2026 Kerala Budget presented by Finance Minister K.N. Additional resource Compared to last year, Mr. Balagopal’s latest …

Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Way
1 month, 2 weeks ago

Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Way

The Hindu  

Balagopal presented the Kerala Budget for the 2025-26 fiscal in the State Legislative Assembly on Friday. The Minister said Kerala has survived the most intense phase of financial crisis without any of its welfare schemes or development work being affected. He accused the Centre of consistently reducing Kerala’s share in the divisible tax pool from 3.88% in the 10th finance …

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 …

Kerala Budget to focus on accelerating growth, drawing investment: K.N. Balagopal
1 month, 2 weeks ago

Kerala Budget to focus on accelerating growth, drawing investment: K.N. Balagopal

The Hindu  

The 2025-26 Kerala budget will focus on accelerating the growth process that has been set in motion in the State, new investment models, and sustaining the pace on welfare spending, Finance Minister K.N. At a pre-Budget chat, Mr. Balagopal said he was satisfied with his performance as Finance Minister, expressing confidence that Kerala would be moving forward, and not backward, …

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju
1 month, 2 weeks ago

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju

Live Mint  

The finance ministry expects ₹40,000-45,000 crore to flow into banks as deposits from the various tax changes announced in the Budget, including raising the tax-free income level to ₹12 lakh, financial services secretary M Nagaraju said during a media interaction on various Budget proposals on Monday. Union Budget 2025, which finance minister Nirmala Sitharaman presented on Saturday, proposed an increase …

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. …

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 …

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know
1 month, 3 weeks ago

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know

Live Mint  

Budget 2025: From income tax rebates to relief for cancer patients, Finance Minister Nirmala Sitharaman announced key reforms during her budget speech in Parliament today. No income tax up to ₹ 12 lakh One of the biggest announcements by Finance Minister Nirmala Sitharaman was about zero tax levied on annual income up to ₹12 lakh. TDS and TCS revised FM …

Budget 2025: Arvind Kejriwal ’disappointed’ as Modi govt ’ignores’ his billionaire loan waiver proposal
1 month, 3 weeks ago

Budget 2025: Arvind Kejriwal ’disappointed’ as Modi govt ’ignores’ his billionaire loan waiver proposal

Live Mint  

Budget 2025: Arvind Kejriwal voiced disappointment on Saturday after the Union Budget failed to include any proposal to ‘end billionaire loan waivers’. Budget 2025: Nirmala Sitharaman presents eighth budget Finance Minister Nirmala Sitharaman presented her eighth straight budget before the Lok Sabha on Saturday, laying out a blueprint for “next-generation” reforms. Arvind Kejriwal's fellow party leader Sanjay Singh also voiced …

Budget 2025: Key highlights of Finance Minister Nirmala Sitharaman's speech
1 month, 3 weeks ago

Budget 2025: Key highlights of Finance Minister Nirmala Sitharaman's speech

India TV News  

Budget 2025: Finance Minister Nirmala Sitharaman is delivering her eighth consecutive Union Budget, a record achievement. She announced several announcements, including hiking the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, setting up of a Makhana Board in Bihar and 36 Lifesaving drugs and medicines to be added to the list of medicines …

New income tax slabs released in Budget for FY 2025-26 | Check full details
1 month, 3 weeks ago

New income tax slabs released in Budget for FY 2025-26 | Check full details

Hindustan Times  

New Income Tax Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers. New Income Tax Slabs: The revised tax structure requires individuals with an income above ₹ 24 lakh to pay 30 per cent income tax. New Income Tax Slabs - Existing vs Revised …

Budget 2025: Govt to introduce new income tax bill next week, announces Nirmala Sitharaman
1 month, 3 weeks ago

Budget 2025: Govt to introduce new income tax bill next week, announces Nirmala Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman announced on Saturday that the government will introduce the new income tax bill in Parliament next week. Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok Sabha, in New Delhi, “The government will introduce a new Income Tax bill next week in Parliament to take forward 'trust first, scrutinise later' concept. …

Budget 2025: Govt on course for lower fiscal deficit in FY25 and FY26, says finance minister Nirmala Sitharaman
1 month, 3 weeks ago

Budget 2025: Govt on course for lower fiscal deficit in FY25 and FY26, says finance minister Nirmala Sitharaman

Live Mint  

New Delhi/Mumbai: The government’s proposal to achieve a fiscal deficit target of 4.4% of India’s gross domestic product for 2025-26 and the marginally lower net borrowing than the previous fiscal should keep the bond markets at ease. “The government remains committed to fiscal consolidation with the intention to bring down the central government debt-to-GDP ratio from the current 57% to …

Budget 2025: A quick recap of Budget 2024 announcements
1 month, 3 weeks ago

Budget 2025: A quick recap of Budget 2024 announcements

Hindustan Times  

The first budget of the third term of the National Democratic Alliance government, led by Prime Minister Narendra Modi, was presented in July 2024. The finance minister also announced a slew of tax measures, offering relief to some taxpayers while raising the tax liability for others. Here’s a quick look at some measures that benefitted or hurt common people: Relief …

What's on the cards in Budget 2025: Income tax relief, farmer credit, insurance push
1 month, 3 weeks ago

What's on the cards in Budget 2025: Income tax relief, farmer credit, insurance push

Live Mint  

The Budget 2025, set to be presented on Saturday, will be keenly watched. Union Finance Minister Nirmala Sitharaman may announce income tax relief, take steps to enhance insurance coverage, and offer credit support to farmers, among other measures. Steady spending Even as the government has struggled to maintain the pace of capital expenditure in the current fiscal year, the Budget …

Budget 2025: Will government raise basic exemption limit and cut income tax?
1 month, 3 weeks ago

Budget 2025: Will government raise basic exemption limit and cut income tax?

India Today  

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, and one of the most awaited announcements will be the tax relief measures for salaried individuals and middle-class taxpayers. Experts believe the budget could bring changes in income tax slabs, raise the basic exemption limit, and deductions under the new tax regime, and deadlines for tax filing, …

Budget 2025: Will FM Nirmala Sitharaman bid goodbye to the old income tax regime? All eyes on February 1 announcements
Trending News
1 month, 3 weeks ago

Budget 2025: Will FM Nirmala Sitharaman bid goodbye to the old income tax regime? All eyes on February 1 announcements

Live Mint  

With just three days to go for the Budget 2025, there are concerns over whether Finance Minister Nirmala Sitharaman will abandon the previous income tax system as the Union Budget 2025 deadline draws near. "Given the government's biased stance towards the new tax regime, the growing number of people choosing it, and the fact that the limits for various deductions …

Budget 2025: Key personal finance changes announced by FM Sitharaman in last Budget and their impact on taxpayers
1 month, 3 weeks ago

Budget 2025: Key personal finance changes announced by FM Sitharaman in last Budget and their impact on taxpayers

Live Mint  

In the run-up to Budget 2025, it is an opportune time to recall the key personal finance changes—which, incidentally, were quite a few—that Finance Minister Nirmala Sitharaman introduced in her previous Budget on July 23, 2024. The rate of tax was reduced from 20 per cent to 12.5 percent, indexation benefit was removed and the exemption limit was raised from …

Budget 2025: New income tax bill likely to be introduced for simpler taxation
Trending News
2 months ago

Budget 2025: New income tax bill likely to be introduced for simpler taxation

India Today  

Finance Minister Nirmala Sitharaman is likely to introduce a new income tax bill during the upcoming Budget session, which aims to simplify taxation laws and sync them with the prevailing economic scenario. CALL FOR A SIMPLER TAX STRUCTURE As per a PTI report, a committee in charge of revising the law is contemplating replacing the 63-year-old Income Tax Act, 1961, …

Budget 2025 | Tax breaks to spur spending, boost economy?
2 months ago

Budget 2025 | Tax breaks to spur spending, boost economy?

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman is likely to offer income tax breaks for individuals in the Union budget for FY26 as part of efforts to boost household spending and stimulate economic growth, two persons informed about discussions in the government said. While the exact changes to the new personal income tax regime will be finalized over the next few …

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources
2 months ago

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources

India TV News  

The government will introduce a new income tax bill in the upcoming Parliament budget in a major move to simplify India’s tax system, it was quoted as saying by news agency PTI. Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act in her July 2024 budget speech and promised to revamp the law in six …

Kerala Guv Highlights Financial Strain in Assembly Address
2 months ago

Kerala Guv Highlights Financial Strain in Assembly Address

Deccan Chronicle  

Thiruvananthapuram: Kerala Governor Rajendra Vishwanath Arlekar addressed the state's financial issues during his inaugural policy speech at the 13th session of the 15th Kerala Legislative Assembly on Friday. He noted that Kerala is experiencing financial stress due to the lack of GST compensation and decreased grants from the Central Government. In his address, Arlekar stated,"Kerala has been facing financial stress …

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
2 months, 2 weeks ago

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report

India Today  

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify income tax filing and address longstanding tax disputes. According to a Bloomberg report, Finance Minister Nirmala Sitharaman is expected to unveil a comprehensive overhaul of the Income Tax Act, 1961, a move that has been in the works for several months. KEY …

Budget 2025: 5 reforms that could make new tax regime a better deal for you
Trending News
2 months, 2 weeks ago

Budget 2025: 5 reforms that could make new tax regime a better deal for you

India Today  

Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2025 on February 1, 2025. The new tax regime is expected to take centre stage in the budget, with reforms designed to make it a more attractive alternative to the traditional tax structure. POSSIBLE REFORMS IN THE NEW TAX REGIME The upcoming budget could include several changes to the …

Can you expect major income tax changes in Budget 2025? Check details
4 months, 1 week ago

Can you expect major income tax changes in Budget 2025? Check details

India Today  

The Union Budget 2025-26 is set to usher in a new era of tax simplification in India, with the Finance Ministry working on comprehensive reforms to streamline the income tax system. The proposed reforms focus on three key areas: simplifying tax structures, expanding the tax base, and balancing revenue generation with taxpayer relief. SIMPLER TAX FILING Building on the success …

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again
7 months, 3 weeks ago

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again

Hindustan Times  

Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in the parliament on July 23, proposing new changes in the income tax slabs of the new tax regime. Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget What are the latest income tax slabs in the new tax regime? Up to ₹3 lakh: NIL ₹3-7 …

Watch: Budget 2024 | What’s in it for markets and investors?
7 months, 3 weeks ago

Watch: Budget 2024 | What’s in it for markets and investors?

The Hindu  

On July 23, the Finance Minister Nirmala Sitharaman presented the first full budget of the 3rd term of the NDA government. For deepening tax base the Finance Minister has proposed to increase Securities Transaction Tax on Futures and Options contracts to 0.2% and 0.1%, respectively. As per the budget proposals now unlisted bonds and debentures, debt mutual funds and market-linked …

Budget 2024: Income tax slabs changed, standard deduction increased. Read details
7 months, 3 weeks ago

Budget 2024: Income tax slabs changed, standard deduction increased. Read details

Op India  

On Tuesday, Finance Minister Nirmala Sitharaman presented the Annual Financial Statement before the Lok Sabha. The Finance Minister has given relief to taxpayers who choose to opt for the New Tax regime as the tax slabs have been revised and the Standard deduction limit has been increased from Rs 50,000 to Rs 75,000. Personal Income Tax: The Union Finance Minister …

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
7 months, 3 weeks ago

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

The Hindu  

Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. Whilst the rate of taxation remains unchanged, the size of each of the slabs, excluding the initial zero to ₹3 lakh, remains unchanged. Budget 2024-25: Taxes Earlier, the Finance Minister further placed increasing the standard deduction for salaried employees from …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
8 months ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls
8 months, 1 week ago

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls

Hindustan Times  

Mumbai: Merely a week after the ₹6,12,293 crore budget for 2024-25 was presented, the state government tabled the supplementary demands of ₹94,889 crore, making it the highest ever in history. The supplementary demands mostly aim to finance the populist schemes announced in the budget in anticipation of the upcoming Assembly polls scheduled for October this year. Jayant Patil, former finance …

Kerala Budget reflects fiscal squeeze; expert calls for radical change
1 year, 1 month ago

Kerala Budget reflects fiscal squeeze; expert calls for radical change

New Indian Express  

KOCHI: The numbers put forth by finance minister KN Balagopal in the budget reveal the financial challenges faced by the state, indicating only nominal changes that are unlikely to spur substantial transformation. The budget projected a fiscal deficit of 3.4% for FY25, a slight reduction from current fiscal’s revised estimate of 3.45%, while revenue deficit is anticipated to rise to …

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report
1 year, 2 months ago

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report

Hindustan Times  

Less than a month away from the presentation of the interim Union Budget 2024, a senior finance ministry official has said that no rebate is expected on income tax for the upcoming financial year, reported Moneycontrol on Tuesday. Earlier, there were speculations that the Finance Ministry will include a proposal that the personal income tax rebate be increased from the …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 9 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Kerala’s borrowing limit cut drastically: Balagopal
1 year, 9 months ago

Kerala’s borrowing limit cut drastically: Balagopal

The Hindu  

In a move that could severely affect State finances, the Centre has drastically cut down the State’s borrowing limit, Finance Minister K.N. According to the Minister, the State would be deprived of about ₹20,000 crore due to the slashed borrowing limit and revenue deficit grant in 2023-24. The State’s open market borrowings had come under the spotlight after the Centre …

Budget 2023 | Choosing the path of prudence and continuity: T.T. Srinivasaraghavan
2 years, 1 month ago

Budget 2023 | Choosing the path of prudence and continuity: T.T. Srinivasaraghavan

The Hindu  

The number of economists in India on January 31 is 842, on February 1, it’s 2,87,329. on Feb. 2, it rises to 3,34,569 and on Feb. 3, it is back to 842!” says a WhatsApp message doing the rounds. The increased outlays of ₹10 lakh crore for infrastructure and ₹2.4 lakh crore for the Railways are particularly noteworthy and demonstrate …

5 Major Announcements For Middle-Class: Budget 2023-24
2 years, 1 month ago

5 Major Announcements For Middle-Class: Budget 2023-24

Live Law  

On February 1, the Union Budget for 2023-24 was presented in the Lok Sabha by Finance Minister Nirmala Sitharaman. 7 Lakhs In The New Tax Regime From 5 Lakhs The individuals with income up to Rs.5 lakh do not pay any income tax in both old and new tax regimes. New Tax Slabs introduced The Finance Minister Nirmala Sitharaman has …

Budget offers major relief for income tax payers
2 years, 1 month ago

Budget offers major relief for income tax payers

Op India  

In the last full-fledged budget of the second Narendra Modi government presented by the finance minister Nirmala Sitharaman, major reliefs have been announced for the income taxpayers. The finance minister announced 5 major changed to the personal income tax regime under the direct tax proposals of the budget, which will reduce the income tax burden of the middle class taxpayers …

Lok Sabha passes Finance Bill
2 years, 11 months ago

Lok Sabha passes Finance Bill

Deccan Chronicle  

New Delhi: The Finance Bill 2022, moved by finance minister Nirmala Sitharaman, was passed in the Lok Sabha on Friday. The government has reportedly proposed 39 amendments to the Finance Bill, 2022, including changes to the crypto tax structure; penalty provisions on publication of import-export data and status of past income computations that claimed deduction of disallowed cess and surcharges. …

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines
3 years ago

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines

The Hindu  

Tamil Nadu’s fiscal deficit for 2021-22 is poised to see a significant reduction from 4.61% down to 3.80% and the State will see a reduction in the absolute level of the revenue deficit by over ₹7,000 crore, “reversing an alarming trend of increasing deficits every year since 2014,” Finance Minister Palanivel Thiaga Rajan said in the Assembly on Friday. Presenting …

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