Union Budget 2022 highlights | Sharp hike in capital expenditure; no changes in Income Tax
2 years, 11 months ago

Union Budget 2022 highlights | Sharp hike in capital expenditure; no changes in Income Tax

The Hindu  

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and 'Minimum Government, Maximum Governance'. Here are the highlights of the Budget in a glance: Infrastructure PM Gati Shakti National Master Plan at a cost of ₹20,000 crore National Highways network to be expanded by 25,000 kms in 2022-23. 60 km of ropeway projects under the Parvat Mala project Metro systems, muti-model connectivity 100 Gati Shakti cargo terminals in the next 3 years. 2022 to be Year of Millet - support for post-harvest value addition for millet products Using Kisan drones for crop assessment and spraying of pesticides Ken-Betwa river linking project at a cost of Rs 44,000 crore, to benefit 9.0 lakh hectare of farmer land Education Digital University will be established, and to be made in different Indian languages, based on networked hub model.

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History of this topic

Budget 2025: Can you expect Rs 10 lakh tax-free income?
1 day, 17 hours ago

Budget 2025: Can you expect Rs 10 lakh tax-free income?

India Today  

As the Union Budget 2025 approaches, expectations are mounting for significant tax reforms and economic relief measures. Finance Minister Nirmala Sitharaman is set to present the budget on February 1, 2025, with the middle class hoping for an increase in the tax-free income threshold, amongst other proposals. Other key demands include extending the MGNREGA program to provide 200 workdays per …

Income Tax Budget 2025 Expectations: Taxpayers await relief as FM Sitharaman prepares for February 1 announcement
Top News
1 day, 18 hours ago

Income Tax Budget 2025 Expectations: Taxpayers await relief as FM Sitharaman prepares for February 1 announcement

Live Mint  

Income Tax Budget 2025 Expectations: As the Union Budget 2025, scheduled for February 1, approaches, expectations among salaried individuals for potential income tax relief are mounting. In Budget 2020, Finance Minister Nirmala Sitharaman unveiled the New Tax Regime, which aimed to streamline the taxing process by lowering tax rates and eliminating most exemptions and deductions. 1) Raise tax slabs Ashish …

Budget 2025: Trade Unions join pre-budget discussions with Nirmala Sitharaman
2 days, 19 hours ago

Budget 2025: Trade Unions join pre-budget discussions with Nirmala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman chaired the eighth Pre-Budget Consultation meeting with representatives from trade unions in New Delhi on January 6, 2025. This consultation aimed to gather inputs for the upcoming Union Budget 2025-26 and explore the concerns and expectations of trade unions. ANTICIPATION FOR THE FEBRUARY 1 BUDGET The Union Budget 2025-26, scheduled for presentation on February 1, …

Budget 2025: When was the last major income tax relief given?
Trending News
1 week, 3 days ago

Budget 2025: When was the last major income tax relief given?

India Today  

The Union Budget 2025 is scheduled to be presented on February 1, 2025 as expectations are high among salaried individuals for income tax relief. Economists have also called on the government to cut income tax rates and implement reforms to boost savings and economic growth in the Union Budget 2025, as per media reports. PREVIOUS MAJOR INCOME TAX RELIEF Ajinkya …

Sops for Small Business Houses, Farmers, Tax Relief for Middle-Class Likely in Union Budget
2 weeks ago

Sops for Small Business Houses, Farmers, Tax Relief for Middle-Class Likely in Union Budget

Deccan Chronicle  

New Delhi: The government is likely to announce some sops for small business houses and farmers in the upcoming budget as Union finance minister Nirmala Sitharaman on Thursday hinted in a pre-budgetary meeting with the stakeholders and experts from export, trade and industry sectors in the national capital here. The sources, however, said that keeping slow growth in micro, small …

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet
2 weeks, 1 day ago

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet

The Hindu  

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. Suggestions were also made on aligning education and training programmes with the evolving needs of the job market, enhancing agricultural productivity and creating sustainable rural …

Union Budget 2024: Political Uproar Expected in Parliament Today, Watch Video | ABP News
5 months, 2 weeks ago

Union Budget 2024: Political Uproar Expected in Parliament Today, Watch Video | ABP News

ABP News  

Finance Minister Nirmala Sitharaman presented the Union Budget on Tuesday. The biggest relief for millions of new tax regime taxpayers comes in the form of an increase in the standard deduction. During her budget speech, Finance Minister Nirmala Sitharaman emphasized her primary goals of job creation, skill development, support for small industries, and relief for the middle class. Changes in …

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again
5 months, 2 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 …

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News
5 months, 2 weeks ago

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News

ABP News  

Nirmala Sitharaman: On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget. Key highlights include increased standard deductions and expanded benefits for new tax regime taxpayers, though some disappointment exists over higher short-term and long-term capital gains taxes and the removal of indexation benefits. The budget also targets job creation, skill development, and support for small businesses, with incentives for …

Union Budget 2024: Top 5 takeaways for salaried persons, job seekers
5 months, 2 weeks ago

Union Budget 2024: Top 5 takeaways for salaried persons, job seekers

Hindustan Times  

Budget 2024: Finance minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 during the Monsoon Session of Parliament. Union finance minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha in New Delhi on July 23. Hike in standard deduction In the budget, finance minister Nirmala Sitharaman announced an increase in the standard deduction for salaried employees from …

Union Budget 2024-25: No additional allocation for Chandigarh but curbs on new projects go
5 months, 2 weeks ago

Union Budget 2024-25: No additional allocation for Chandigarh but curbs on new projects go

Hindustan Times  

The Budget allocated to Chandigarh, in the Union Budget 2024-25, presented by finance minister Nirmala Sitharaman on Tuesday, remains the same as the interim budget of ₹6,513 crore. A senior officer of the finance department said, “Our budget remains the same but now we can spend money on the announced projects as the cap has been removed.” At ₹6,513 crore, …

The budget echoes the Developed India vision
5 months, 2 weeks ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget 2024 provides blueprint for a self-reliant, developed India: U.P. CM Yogi
5 months, 2 weeks ago

Union Budget 2024 provides blueprint for a self-reliant, developed India: U.P. CM Yogi

Hindustan Times  

Hailing the Union Budget 2024, Uttar Pradesh chief minister Yogi Adityanath on Tuesday said the budget presented under the leadership of PM Narendra Modi will prove to be all-encompassing, all inclusive, and development-oriented, meeting the hopes, aspirations and resolutions of 140 crore Indians. UP chief minister Yogi Adityanath congratulated Union finance minister Nirmala Sitharaman and her team. In a media …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months, 2 weeks ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Budget 2024: What is in store for labour? | Watch
5 months, 2 weeks ago

Budget 2024: What is in store for labour? | Watch

The Hindu  

In her seventh budget speech, Finance Minister Nirmala Sitharaman announced three new employee-linked incentive schemes in the Union Budget for 2024-25. The three schemes, which are part of the Prime Minister’s package, will align with enrolment in the Employee Provident Fund Organisation and focus on the recognition of first-time employees, as well as support to both employers and employees. The …

Union Budget 2024: Here Are The Major Announcements From FM Sitharaman
5 months, 2 weeks ago

Union Budget 2024: Here Are The Major Announcements From FM Sitharaman

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25 on Tuesday. Budget 2024 announced an increase in the deduction for Employer National Pension Scheme contributions to 14 per cent. The revised borrowing target is Rs 14.01 lakh crore, down from the Rs 14.13 lakh crore previously announced in the interim budget. The capital …

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside
5 months, 2 weeks ago

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside

ABP News  

Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday in Parliament. Defence: For FY25, the defence sector will receive an allocation of Rs 6.21 lakh crore, according to Finance Minister Nirmala Sitharaman. Education: During the presentation of the Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman declared that the central government would allocate Rs 1.48 lakh …

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated
5 months, 2 weeks ago

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated

The Hindu  

The Budget 2024-24 on July 23 allocated ₹1,309.46 crore for census, a significant reduction from 2021-22 when ₹3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. According to the Budget 2024-25, ₹1,309.46 crore has been allocated for census surveys and statistics, and it was ₹578.29 in 2023-24. …

Cheaper cancer meds and more: How Union Budget 2024 is a shot in the arm to the health sector
5 months, 2 weeks ago

Cheaper cancer meds and more: How Union Budget 2024 is a shot in the arm to the health sector

Firstpost  

Nirmala Sitharaman’s seventh consecutive Union Budget focuses on lowering the cost of medications, especially for cancer patients. Overall, the government has allocated Rs 89,287 crore for the sector, a slight increase from Rs 88,956 crore in FY24 The government has also suggested exempting three additional cancer medications from basic customs duties, Finance Minister Sitharaman's announced on Tuesday. The government has …

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister
5 months, 2 weeks ago

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister

The Hindu  

Kerala Finance Minister K. N. Balagopal on July 23 slammed the 2024-25 Union Budget, calling it a “gimmick” and a “political exercise” solely intended to protect the interests of the BJP-led NDA government. “While the BJP opened its account in Kerala, Kerala’s account has been closed,” Mr. Balagopal remarked, in an apparent reference to the BJP candidate Suresh Gopi’s win …

Budget 2024: How will it impact the common people and consumers? CHECK here
5 months, 2 weeks ago

Budget 2024: How will it impact the common people and consumers? CHECK here

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, with nine outlined priorities in agriculture, employment and skilling, manufacturing and services, human resource development, urban development, energy security and more. Sitharaman announced Prime Minister Narendra Modi's package of five schemes for employment, skilling and other opportunities for employment, skilling and other opportunities for 4.1 crore youth …

Union Budget 2024: Shares of shrimp products makers in heavy demand after Budget allocation
5 months, 2 weeks ago

Union Budget 2024: Shares of shrimp products makers in heavy demand after Budget allocation

The Hindu  

Shares of producers and exporters of seafood products' firms jumped on July 23 after Finance Minister Nirmamala Sitharaman said the government will provide finance for shrimp farming and marketing. Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the basic customs duty on shrimp to 5%. The stock of Zeal Aqua soared 9.27%, Kings Infra Ventures …

Union Budget 2024: Where does Centre spend the most money?
5 months, 2 weeks ago

Union Budget 2024: Where does Centre spend the most money?

Hindustan Times  

Union finance minister Nirmala Sitharaman presented Union Budget in Parliament of Tuesday. Union Budget 2024: Union finance minister Nirmala Sitharaman with the Budget tablet arrives at the Parliament to present the Union Budget 2024-25 during the Monsoon Session, in New Delhi on Tuesday. "The fiscal consolidation path announced by me in 2021 has served our economy very well, and we …

What Budget means for taxpayers: 10 points
5 months, 2 weeks ago

What Budget means for taxpayers: 10 points

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced a major relief for the subscribers of the new income tax regime. Nirmala Sitharaman announced the government has increased the income tax standard deduction for those who opted for the new regime. "For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹ 50,000 to …

2024 Union Budget 2024: Mobile phones, chargers set to be cheaper as customs duty slashed
5 months, 2 weeks ago

2024 Union Budget 2024: Mobile phones, chargers set to be cheaper as customs duty slashed

The Hindu  

The Centre on July 23 slashed basic customs duty on mobile phones, chargers and some components as part of the 2024 Union Budget. Union Finance Minister Nirmala Sitharaman said that duties on “oxygen free copper for manufacture of resistors”, hitherto set at 5%, would be eliminated. Exports, not domestic.” Finance Minister Nirmala Sitharaman today presented the Union Budget 2024 in …

Budget 2024: Nirmala Sitharaman announces financial aid for student loans up to ₹10 lakh
5 months, 2 weeks ago

Budget 2024: Nirmala Sitharaman announces financial aid for student loans up to ₹10 lakh

Hindustan Times  

Union finance minister Nirmala Sitharaman announced that the Narendra Modi government will offer financial support for loans up to ₹10 lakh for higher education in domestic institutions. Union Budget 2024: People watch Union Budget being presented by finance minister Nirmala Sitharaman in the Parliament on television screen at TV showroom, at Dadar, in Mumbai. Follow- Budget 2024 Live Updates "For …

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 2 weeks ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months, 2 weeks ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi
5 months, 2 weeks ago

Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi

ABP News  

Union Budget 2024 Highlights: Hello and welcome to ABP Live's Budget 2024 LIVE blog. Budget 2024 Live GDP Growth Rate: On Monday, the FM presented the Economic Survey ahead of the final Budget and set the focus points for the nation ahead. Union Budget 2024 Trade And Hirings: The survey projected a positive outlook for global trade in 2024 as …

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction
5 months, 2 weeks ago

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction

Hindustan Times  

New Tax Regime LIVE updates: Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha, in New Delhi, Tuesday, July 23, 2024. New Tax Regime Highlights: Union finance minister Nirmala Sitharaman presented her seventh consecutive Budget amid expectations from the middle class for relief at the tax front. Moreover, the efficiency of tax collection has improved over …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 2 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Union Budget 2024: 6 new changes to income tax that the new budget may bring
5 months, 2 weeks ago

Union Budget 2024: 6 new changes to income tax that the new budget may bring

Hindustan Times  

As the Union Budget 2024 is scheduled to be presented on July 23 by Finance Minister Nirmala Sitharaman, there are expectations of multiple changes in income tax, including changes in tax slabs, a potential hike for standard deduction, and increased exemptions. The current slabs for the new tax regime are as follows: Up to ₹3 lakh: NIL ₹3-6 lakh: 5% …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months, 3 weeks 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, …

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards
5 months, 3 weeks ago

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards

Firstpost  

As the country waits with bated breaths for the 2024 Union Budget, here’s a look at some of the big themes experts believe will take centre stage With the completion of the customary Halwa Ceremony, Finance Minister Nirmala Sitharaman is all set to table the 2024 Union Budget. Key themes before Sitharaman shows her cards According to analysts, the following …

Budget 2024: These stocks and sectors may gain from Nirmala Sitharaman's announcements
5 months, 3 weeks ago

Budget 2024: These stocks and sectors may gain from Nirmala Sitharaman's announcements

Hindustan Times  

Finance minister Nirmala Sitharaman is all set to present the Union Budget 2024 on July 2023. The Union budget 2024 is scheduled to be presented on July 23 by finance minister Nirmala Sitharaman, who will become the first finance minister to present seven consecutive Union budgets in a row, surpassing Morarji Desai, who presented six consecutive budgets. JM Financial highlighted …

Union Budget 2024 Expectations LIVE: Will FM Sitharaman Announce Income Tax Relief?
5 months, 3 weeks ago

Union Budget 2024 Expectations LIVE: Will FM Sitharaman Announce Income Tax Relief?

News 18  

Budget 2024 Expectations on Manufacturing Samit Jain, managing director, PLUSS Advanced Technologies, said, “Great focus has been given by the ministry and government over the last years on expanding the adoption of clean technologies and also supporting the growth of startups as well as MSMEs. Budget 2024 Likely To Push Districts As Economic Hubs Budget 2024 Expectations LIVE: “The strategy …

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?
5 months, 3 weeks ago

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?

News 18  

Budget 2024 Expectations from Education Sector Union Budget 2024 Latest Updates: In the new globalised world, education has become the passport to progress and students across India are looking for opportunities. Budget 2024 Wishlist from Healthcare Sector Union Budget 2024 Latest Updates: Healthcare is a rapidly growing sector in the country but needs attention from the government to ensure access …

Budget 2024: These are 7 demands by government employees' union for Centre
6 months ago

Budget 2024: These are 7 demands by government employees' union for Centre

Hindustan Times  

The Confederation of Central Government Employees and Workers sent a proposal to the Centre with seven demands ahead of the Union Budget 2024. The union demanded the constitution of the 8th Pay Commission, restoration of the OPS, release of the 18-month dearness allowance and relief which was frozen during the Covid-19 pandemic to employees and pensioners among other things, in …

Budget 2024 Date Announced: FM Sitharaman To Present Union Budget On July 23
6 months ago

Budget 2024 Date Announced: FM Sitharaman To Present Union Budget On July 23

News 18  

Budget 2024 Date: The Union Budget for the financial year 2024-25 will be presented in the Lok Sabha on July 23. Union Budget 2024 Date Announcing the date, Minister of Parliamentary Affairs Kiren Rijiju posted on X, “Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament …

Key takeaways from interim Budget 2024-25 in charts
11 months, 1 week ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

How share markets responded to Union Budget over the last 10 years
11 months, 1 week ago

How share markets responded to Union Budget over the last 10 years

Hindustan Times  

The Union Budget not only announces important financial changes and new schemes but also reflects the current state of the economy. The Manmohan Singh government's finance minister P Chidambaram presented the Union Budget on February 17, which saw a positive movement in the BSE Sensex, which was 97.20 points higher, settling at 20,464.06. Follow- Budget 2024 LIVE Updates Union Budget …

Union Budget 2024 to focus on 5 key social sections
11 months, 4 weeks ago

Union Budget 2024 to focus on 5 key social sections

Hindustan Times  

Budget 2024: Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party -led National Democratic Alliance aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth. Accordingly, allocations for existing schemes for these …

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

Budget 2024: Here are the most common FAQs on Union Budget
1 year ago

Budget 2024: Here are the most common FAQs on Union Budget

Hindustan Times  

All eyes are on finance minister Nirmala Sitharaman ahead of the annual February 1 Union Budget. People watch an earlier Union Budget being presented by Finance Minister Nirmala Sitharaman in the Parliament. It can also be described as a ‘comprehensive document that outlines the government’s economic and fiscal policies for the next fiscal year.’ Preparation of budget The process begins …

Union Budget 2023: Private Sector Employees To Get Big Relief In Tax On Leave Encashment
1 year, 7 months ago

Union Budget 2023: Private Sector Employees To Get Big Relief In Tax On Leave Encashment

News 18  

The Union Budget 2023, presented by Finance Minister Nirmala Sitharaman, included some crucial pointers for the people working in the private sector. One of the statements made by the Minister that caught attention was the scope of exemption of income tax on the money received by salaried employees’ leave encashment. While the scope of tax exemption for leave encashment was …

Nirmala Sitharaman briefs budget 2023 to BJP MPs ahead of party's outreach drive
1 year, 11 months ago

Nirmala Sitharaman briefs budget 2023 to BJP MPs ahead of party's outreach drive

Hindustan Times  

Union finance minister Nirmala Sitharaman on Friday presented the Union budget 2023-24 to all the Bharatiya Janata Party MPs in a meeting ahead of the Parliament sitting. Union finance minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament on Wednesday. Union ministers Piyush Goyal, Kiren Rijiju, Dharmendra Pradhan, …

Key takeaways from Union Budget 2023-24 in charts
1 year, 11 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

Key Aspects And Analysis Of Union Budget 2023
1 year, 11 months ago

Key Aspects And Analysis Of Union Budget 2023

Live Law  

The Union Finance Minister Ms.Nirmala Sitharaman has presented the budget for the year 2023-24, the last full budget before the 2024 polls. New Regime From Assessment Year 2021-22 to 2023-24 Total Income of an individual or HUF Rate of tax Up to 2,50,000 From 2,50,001 to 5,00,000 From 5,00,001 to 7,50,000 From 7,50,001 to 10,00,000 From 10,00,001 to 12,50,000 From …

Budget 2023 News Updates: Zero Tax Upto Rs 7L; Govt Says New I-T Regime Has Better Incentives
1 year, 11 months ago

Budget 2023 News Updates: Zero Tax Upto Rs 7L; Govt Says New I-T Regime Has Better Incentives

News 18  

Finance Minister Nirmala Sitharaman on Wednesday said the four emphasis points of the Union Budget 2023-24 are empowering women, action plan for tourism, initiatives for Vishvakarmas and green growth. Sitharaman said, “Our vision is to create a tech-driven and knowledge-based economy.” she added that the Indian economy is on the right track and the growth has been at 7 per …

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received
1 year, 11 months ago

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received

ABP News  

Narendra Modi-led NDA government on Wednesday laid out its full and final Union Budget on Wednesday ahead of the general election scheduled for 2024. Finance Minister Nirmala Sitharaman in her fifth Budget presentation allocated a whopping Rs 45.03 lakh crore for the financial year 2023. In the financial year 2022-23, the government allocated Rs 39.45 lakh crore for the annual …

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