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 director of ITC Ltd. Other industry executives also expect the income tax relief to help stem the slowdown in urban consumption and bring it back on the growth track. “The substantial tax relief measures, particularly making income up to ₹12 lakh tax-free, will provide essential financial respite to middle-class families, increasing their disposable income, encouraging spending, and promoting overall economic growth," said Mohit Malhotra, chief executive of Dabur India. “The Union Budget rightly prioritizes reviving consumption by focusing on rationalizing the tax burden of the salaried class," said Ravi Swarup, partner and consumer products practice head at consultancy firm Bain & Co. “The increase of the no-tax limit from ₹7 lakh to ₹12 lakh is a significant step in reducing tax and putting more money back into consumers’ hands.

India Growth Consumer Rural Budget Income Tax Consumption Demand Rbi Lakh Boost Fmcg Disposable Income  consumption  thrust  demand  boost  rbi  fires  double  budget  hopes  consumer  urban  income  tax  rural  eyes  growth  lakh

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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 …

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost
1 month, 1 week ago

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost

Firstpost  

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost in demands must not result in high inflation or the burden be placed on indirect taxes, as high income divide is an undeniable reality of the Indian economy If we can achieve GDP growth of 6.7 per cent for FY26 …

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 …

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 …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 1 week ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

Himanshu: Will the budget’s proposals help revive India’s rural economy?
1 month, 2 weeks ago

Himanshu: Will the budget’s proposals help revive India’s rural economy?

Live Mint  

That the Indian economy is going through a difficult phase is no longer a matter of speculation. Still, neither did the budget offer anything new to boost agricultural incomes or worker productivity, nor did it allocate enough to revive the non-farm economy. The Centre’s plan to increase incomes and productivity in 100 backward districts is also unconvincing, given that the …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 2 weeks ago

When consumption push and fiscal consolidation go hand in hand

Live Mint  

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing on the path of fiscal consolidation. More importantly, by shifting the anchor of fiscal consolidation from fiscal deficit to debt to GDP, the FM …

‘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. …

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 …

Tax cut to increase consumption
1 month, 2 weeks ago

Tax cut to increase consumption

New Indian Express  

NEW DELHI: Consumer-facing businesses — ranging from everyday consumables to big-ticket items like automobiles — are optimistic that the government’s decision to cut personal income tax will lead to higher disposable income, ultimately driving demand. Finance Minister Nirmala Sitharaman on Saturday proposed exempting income up to Rs 12 lakh from tax, with salaried taxpayers benefitting from a higher exemption limit …

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 …

Heard voice of middle class, tax reform to drive consumption and savings: Nirmala Sitharaman on Budget
1 month, 2 weeks ago

Heard voice of middle class, tax reform to drive consumption and savings: Nirmala Sitharaman on Budget

New Indian Express  

"I wouldn't want to predict something, but certainly this tax proposal will make people have more money in their hands.So, I expect this would show both in terms of consumption spending and also in terms of savings, which can be through many different instruments," she said. Opining that reducing taxes is the first step towards the new tax bill, the …

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 …

Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth
1 month, 2 weeks ago

Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth

Deccan Chronicle  

The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman, adeptly navigates the imperative of addressing immediate economic priorities while charting a path towards India’s long-term aspiration of becoming a developed nation by 2047. Other major infrastructure initiatives include the extension of the Jal Jeevan Mission, the creation of an Urban Challenge Fund, the launch of a Nuclear Energy Mission, …

Budget brings cheers to salaried, middle class and elderly
1 month, 2 weeks ago

Budget brings cheers to salaried, middle class and elderly

Deccan Chronicle  

New Delhi: Despite focusing on the four pillars of society -- poor, women, youth and farmers -- in Union Budget 2025-26, the government on Saturday brought cheer to the faces of salaried, middle class and elderly people as it announced a big bonanza on their personal income-tax in putting more money in their hands. With some “hits and misses”, the …

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers
1 month, 2 weeks ago

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers

Live Mint  

New Delhi, Feb 1 The proposed income tax relief for the middle class and increased investments for rural development will help to drive consumption and propel growth of the premium product market, leading FMCG and consumer goods makers said on budget proposals. Godrej Consumer Products Ltd Chief Financial Officer Aasif Malbari said Union Budget 2025 takes a balanced approach by …

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 …

Union Budget: Prime Minister Narendra Modi stands by the middle class, says A.P. BJP president Purandeswari
1 month, 2 weeks ago

Union Budget: Prime Minister Narendra Modi stands by the middle class, says A.P. BJP president Purandeswari

The Hindu  

Stating that Prime Minister Narendra Modi stands by the middle class, Andhra Pradesh BJP president and Rajamahendravaram MP Daggubati Purandeswari observes that the new taxation scheme will boost household consumption, expenditure and investment, further accelerating growth. Expressing happiness over the new Income-Tax Bill tabled in Parliament by Union Finance Minister Nirmala Sitharaman on Saturday, Ms. Purandeswari, in a post on …

‘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 …

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know
1 month, 2 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 …

Mint Quick Edit | Sitharaman’s income tax bonanza: Time to rejoice
1 month, 2 weeks ago

Mint Quick Edit | Sitharaman’s income tax bonanza: Time to rejoice

Live Mint  

India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burden under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to ₹12 lakh annually from ₹7 lakh. It also means that the tiny base of individuals who pay tax will get tinier, making India …

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates
Top News
1 month, 2 weeks ago

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced new tax slab rates under the new tax regime during her Budget 2025 speech, which will benefit taxpayers across the board. During a press briefing after the Budget 2025 speech, Sitharaman said that not only those earning ₹12 lakh will not have to pay any tax, but there will be …

In economy's shifting sands, a budget to boost demand
1 month, 2 weeks ago

In economy's shifting sands, a budget to boost demand

Live Mint  

The Union budget presented by finance minister Nirmala Sitharaman on Saturday can be framed against two major shifts in the Indian economy. The latest budget numbers show that income tax is expected to account for ₹22 out of every ₹100 of receipts that will flow into the government treasury. The second major shift: In February 2021, the finance minister had …

Delhi election and Budget 2025: What Nirmala Sitharaman offered national capital ahead of voting?
1 month, 2 weeks ago

Delhi election and Budget 2025: What Nirmala Sitharaman offered national capital ahead of voting?

Live Mint  

The central government on Saturday, February 1, presented Union Budget 2025, announcing a slew of schemes and changes that would directly impact various sectors in the country. The Budget 2025 announcements have come just four days ahead of voting in the Delhi election 2025, and it was highly anticipated that some announcements could directly impact the national capital voters. Finance …

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?
1 month, 2 weeks ago

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?

Firstpost  

Consumer spending is set to increase due to a mix of personal income tax changes, reductions in indirect taxes, and a strong emphasis on public investment in the budget. The immediate impact of these income tax changes will result in an additional Rs 1 lakh crore in the hands of taxpayers Finance Minister Nirmala Sitharaman, carrying a red pouch containing …

Budget 2025: Arvind Kejriwal ’disappointed’ as Modi govt ’ignores’ his billionaire loan waiver proposal
1 month, 2 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 …

Why Budget 2025 has suddenly heeded to the harassed middle-class salaried taxpayer
1 month, 2 weeks ago

Why Budget 2025 has suddenly heeded to the harassed middle-class salaried taxpayer

Live Mint  

In a big announcement for the middle class during her budget speech, Union Finance Minister Nirmala Sitharaman gladdened the hearts of the influential if numerically smaller, white-collar class, a day after PM Narendra Modi’s invoked goddess Lakshmi’s special blessings for them. There will be no income tax payable up to ₹12 lakh--or up to ₹12.75 lakh, including standard deductions for …

‘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 …

All personal finance updates from Budget 2025
1 month, 2 weeks ago

All personal finance updates from Budget 2025

Live Mint  

Finance minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on 1 February, introducing a series of measures aimed at easing taxpayers’ burden. Here’s a breakdown of the key changes: No tax on income up to ₹ 12 lakh In a major relief for taxpayers, the Union Budget has proposed raising the tax-free income threshold to ₹12 lakh, up from ₹7 …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 2 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

PM Modi's first reaction to Budget: 'Milestone in India's development journey'
1 month, 2 weeks ago

PM Modi's first reaction to Budget: 'Milestone in India's development journey'

Hindustan Times  

Prime Minister Narendra Modi reacted to the Union Budget presented by finance minister Nirmala Sitharaman in Parliament today, saying the document is a milestone in India's development journey. Prime Minister Narendra Modi during the presentation of the Union Budget 2025-26 in the Lok Sabha. PM Modi described the budget as a force multiplier and said it will boost investments and …

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’
Top News
1 month, 2 weeks ago

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’

Live Mint  

Budget 2025: Prime Minister Narendra Modi on Saturday lauded Union Budget 2025 as a ‘force multiplier’ and said, “The Viksit Bharat Budget 2025 reflects our Government’s commitment to fulfilling the aspirations of 140 crore Indians.” Hours after the Budget was presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Modi hailed it as a “people’s Budget that will boost savings …

Budget 2025: One reason Sitharaman can afford to give income tax benefits
1 month, 2 weeks ago

Budget 2025: One reason Sitharaman can afford to give income tax benefits

Firstpost  

Finance Minister Nirmala Sitharaman on Saturday announced major tax benefits for the middle class, with positive tax collections likely being one reason for her to arrive at such a decision Finance Minister Nirmala Sitharaman on Saturday announced major tax benefits for the middle class, with positive tax collections likely being one of the reasons for her to arrive at such …

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS
1 month, 2 weeks ago

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS

ABP News  

The recent Indian Union Budget presented by Finance Minister Nirmala Sitharaman brings significant tax relief to the middle class. For those earning between ₹12 lakh and ₹16 lakh, the tax rate will be 15%, and it increases incrementally for higher income brackets, with a maximum of 30% for incomes above ₹24 lakh. Key announcements include opening the atomic energy sector …

Edelweiss MF CEO Radhika Gupta says Budget 2025 ‘addresses need of hour’: ‘CONSUMPTION is word of the day!’
1 month, 2 weeks ago

Edelweiss MF CEO Radhika Gupta says Budget 2025 ‘addresses need of hour’: ‘CONSUMPTION is word of the day!’

Live Mint  

The Union Budget 2025 has addressed the needs of the hour and has put “money into the hands of people”, said Edelweiss Mutual Funds CEO Radhika Gupta, highlighting the key announcement from Finance Minister Nirmala Sitharaman's speech on Saturday. Heard a lot of chatter in the morning about what could possibly be done in the budget given the economic backdrop …

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
1 month, 2 weeks ago

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in …

‘Jai Budget Mata’: Netizens react to Harsh Goenka’s post of trader showing ’agarbattis’ ahead of FM Sitharaman’s speech
1 month, 2 weeks ago

‘Jai Budget Mata’: Netizens react to Harsh Goenka’s post of trader showing ’agarbattis’ ahead of FM Sitharaman’s speech

Live Mint  

Budget 2025-26: With Union Finance Minister Nirmala Sitharaman read out the Budget 2025-26 in the parliament on February 1, RPG Enterprises Chairman Harsh Goenka shared a video where a stock market trader could seen praying in front of a television set and a bhajan playing in the background. According to the video, the stock market trader could be seen praying …

Telangana BJP hails Union budget for bringing relief to middle class
1 month, 2 weeks ago

Telangana BJP hails Union budget for bringing relief to middle class

Deccan Chronicle  

Hyderabad: The BJP State unit has hailed the 2025 Union budget presented by Finance Minister Nirmala Sitharaman as a game-changer, delivering significant economic reforms and much-needed relief to the Indian middle class. State BJP Spokesperson NV Subash, in a statement issued here on Saturday, emphasized that the budget reinforces the belief that “Modi hai to mumkin hai” and accelerates the …

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS
1 month, 2 weeks ago

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS

ABP News  

The 2025 budget has brought significant relief for the middle class, exceeding expectations. Finance Minister Nirmala Sitharaman announced substantial tax benefits, making the new tax regime more favorable compared to the old one. Unlike the old tax regime, which required various investment avenues for tax exemptions, the new regime directly puts money in the pocket of taxpayers without requiring additional …

income-tax-Budget 2025 Live Updates: From Electronics to EVs, Decoding What Gets Cheaper and What Gets Costlier for Indian Households-2025-union-budget-what-gets-cheaper-costlier
1 month, 2 weeks ago

income-tax-Budget 2025 Live Updates: From Electronics to EVs, Decoding What Gets Cheaper and What Gets Costlier for Indian Households-2025-union-budget-what-gets-cheaper-costlier

ABP News  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries, and enhance household sentiment. Secure inclusive development c. Invigorate society and industry d. Uplift household sentiment and e. Enhance spending on power of India's rising middle class,” Sitharaman said while outlining her Budget focus. Marine & Shipbuilding Sector: BCD …

‘Middle class always in PM Modi’s heart’: Amit Shah hails Budget as FM Sitharaman says ‘no income tax till ₹12 lakh’
1 month, 2 weeks ago

‘Middle class always in PM Modi’s heart’: Amit Shah hails Budget as FM Sitharaman says ‘no income tax till ₹12 lakh’

Live Mint  

Home Minister Amit Shah on February 1 hailed Finance Minister Nirmala Sitharaman's Budget speech. This came as Finance Minister Nirmala Sitharaman announced the abolition of income tax until ₹12 lakh under the new tax regime. Budget 2025 LIVE Updates Taking to X, Amit Shah said, “The middle class is always in PM Modi’s heart. Congratulations to all the beneficiaries on …

Union Budget 2025: No Income Tax To Those Earning Upto Rs 12 lakh- Top Highlights Of Nirmala Sitharaman's Speech
Top News
1 month, 2 weeks ago

Union Budget 2025: No Income Tax To Those Earning Upto Rs 12 lakh- Top Highlights Of Nirmala Sitharaman's Speech

ABP News  

Union Budget 2025 LIVE: Finance Minister Nirmala Sitharaman's announcement that those earning up to Rs 12 lakh would not be subject to taxes was a significant boost to the middle class. Presenting her eighth consecutive budget, Union Finance Minister Nirmala Sitharaman stated that the government's efforts to boost growth, ensure inclusive development, stimulate private sector development, and increase the purchasing …

Budget 2025: Nirmala Sitharaman announces rejig of income tax rates — Here’s how slabs have changed under new tax regime
1 month, 2 weeks ago

Budget 2025: Nirmala Sitharaman announces rejig of income tax rates — Here’s how slabs have changed under new tax regime

Live Mint  

Finance Minister 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 upto income of …

Budget 2025: Read Finance Minister Nirmala Sitharaman’s budget speech. Full text here. Download PDF
1 month, 2 weeks ago

Budget 2025: Read Finance Minister Nirmala Sitharaman’s budget speech. Full text here. Download PDF

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget today. To improve access to credit, the credit guarantee cover will be enhanced: a) For Micro and Small Enterprises, from ` 5 crore to 10 crore, leading to additional credit of ` 1.5 lakh crore in the next 5 years; b) For Startups, from ` 10 crore to 20 crore, …

Nirmala Sitharaman’s Budget 2025 is all about ‘GYAN’. Here’s what it means
1 month, 2 weeks ago

Nirmala Sitharaman’s Budget 2025 is all about ‘GYAN’. Here’s what it means

Firstpost  

Union Finance Minister Nirmala Sitharaman said that this Budget, 2025-2026, focuses on ‘GYAN’ — ‘garib’, ‘yuva’, ‘annadata’, ‘nari’. As Finance Minister Nirmala Sitharaman stood up to deliver her speech, she said that Union Budget 2025-2026 prioritises these key sectors — poor, youth, farmers and women — ‘Garib, Yuva, Annadata aur Naari’. Garib For the ‘garib’, Finance Minister Nirmala Sitharaman in …

Nirmala Sitharaman’s Budget 2025 is all about ‘GYAN’. Here’s what it means
1 month, 2 weeks ago

Nirmala Sitharaman’s Budget 2025 is all about ‘GYAN’. Here’s what it means

Firstpost  

Union Finance Minister Nirmala Sitharaman said that this Budget, 2025-2026, focuses on ‘GYAN’ — ‘garib’, ‘yuva’, ‘annadata’, ‘nari’. As Finance Minister Nirmala Sitharaman stood up to deliver her speech, she said that Union Budget 2025-2026 prioritises these key sectors — poor, youth, farmers and women — ‘Garib, Yuva, Annadata aur Naari’. Garib For the ‘garib’, Finance Minister Nirmala Sitharaman in …

Budget 2025: FM Nirmala Sitharaman says nearly 90 lakh paid additional tax; extends time limit for updated tax returns
1 month, 2 weeks ago

Budget 2025: FM Nirmala Sitharaman says nearly 90 lakh paid additional tax; extends time limit for updated tax returns

Live Mint  

Budget 2025: The Union Finance Minister Nirmala Sitharama on while presenting the Union Budget on February 1 said that nearly 90 lakh taxpayers voluntarily updated their incomes by paying additional tax. Income Tax Budget 2025 LIVE In her budget speech, Finance Minister Sitharamn said, “In line with this, we brought in updated return facility in 2022 for voluntary compliance by …

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