Budget 2024: Will middle class have anything to cheer?
10 months, 3 weeks ago

Budget 2024: Will middle class have anything to cheer?

India Today  

As Finance Minister Nirmala Sitharaman prepares to present the Interim Budget 2024-25, the nation is abuzz with expectations and speculations about announcements. With the looming Lok Sabha elections, expectations are riding high for the government to announce populist measures in the interim budget, aiming to secure votes and favour among middle-class voters. However, against this backdrop, the government remains committed to reducing the fiscal deficit, and after the announcements related to the new income tax regime in the Union Budget 2023-24, any major fireworks for the middle class seem unlikely. Having secured victories in three key states last year and riding high on the success of its Ram Mandir bid, many analysts feel that the government may not need to heavily rely on populist measures to secure its victory in the Lok Sabha elections. While this might dampen the spirits of the middle class expecting substantial relief, all eyes will be on announcements regarding inflation management and measures aimed at fostering inclusive growth.

Budget Income Tax Middle Class Middle Bjp Class Nda  potential  fiscal  budget  cheer  income  tax  interim  middle  giveaways  2024  class  measures

History of this topic

Budget 2024: The Indian middle class expected more
5 months ago

Budget 2024: The Indian middle class expected more

Hindustan Times  

Budget 2024 came at a rare moment in the history of Indian budgets. Mostly aimed at first time workers, the government is willing to spend money to move people into formal employment as reflected in the Employees Provident Fund Organisation employment numbers. From 35,000 feet, the Budget 2024 story is this: The government will continue to tax the top 10% …

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

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months ago

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime

India TV News  

Uttar Pradesh CM Yogi Adityanath's reaction on Union Budget: "Under the guidance of PM Modi, in the new parliament of the country, the Finance Minister has laid down the general budget of the country which is - inclusive, development-oriented and one which will fulfil the aspirations of 140 cr people. The new tax slabs announced in the budget are welcoming." …

Budget 2024: Date, key timings and what to expect from budget speech
5 months ago

Budget 2024: Date, key timings and what to expect from budget speech

India Today  

The Monsoon session began on Monday, with Finance Minister Nirmala Sitharaman set to present the Union Budget for 2024-25 on July 23, 2024. This will mark her seventh consecutive Budget presentation, surpassing the record of former Prime Minister Morarji Desai, who delivered five consecutive full Budgets and one interim Budget from 1959 to 1964. The Budget 2024 presentation can be …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
5 months ago

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India Today  

Finance Minister Nirmala Sitharaman is all set to present the full Budget 2024 on July 23. With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise. Sandeep …

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?
5 months ago

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?

Hindustan Times  

July 19, 2024 11:59 AM IST Budget 2024 Expectations Live Updates: Rajat Agrawal - CEO - Barista Coffee, said, “The Indian retail sector stands at a critical juncture, seeking support from the Govt on various counts which renews consumer confidence. Tax Cuts: Planned Reduction in individual income tax rates, especially for middle-income earners, could boost disposable incomes and drive spending. …

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

Union Budget 2024: Middle class might not get expected tax relief
5 months, 1 week ago

Union Budget 2024: Middle class might not get expected tax relief

India Today  

The government led by Prime Minister Narendra Modi is expected to tilt towards populism given the weaker mandate and the huge dividend of Rs 2.1 trillion for FY24 given by the Reserve Bank of India. As the government prepares to present the budget for the financial year 2024-25 on July 23, the middle class may not see the anticipated tax …

Budget 2024: PM Modi meets economists ahead of Budget
5 months, 1 week ago

Budget 2024: PM Modi meets economists ahead of Budget

The Hindu  

Prime Minister Narendra Modi is meeting eminent economists on July 11 to elicit their views and suggestions for the upcoming Budget, a senior government official said. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. Finance Minister Sitharaman, Planning Minister Rao Inderjit Singh, Chief Economic Advisor V. Anantha Nageswaran …

Nirmala Sitharaman likely to present Full Budget on July 24
5 months, 3 weeks ago

Nirmala Sitharaman likely to present Full Budget on July 24

Hindustan Times  

Finance minister Nirmala Sitharaman may present full Budget for 2024-25 on July 24 in the Monsoon Session of the Parliament, a report claimed. This comes as President Droupadi Murmu in her address to the joint session of Parliament said the first budget of the Narendra Modi 3.0 government will unveil far-reaching economic and social reforms for rapid development. A stable …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
10 months, 3 weeks ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

From income tax to housing: 5 proposals that Sitharaman made for middle class
10 months, 3 weeks ago

From income tax to housing: 5 proposals that Sitharaman made for middle class

Live Mint  

Budget 2024: As anticipated, the Interim Budget 2024 made no big-bang announcements, but it continued its focus on infrastructure upgrades and building connectivity across the country. Finance Minister Nirmala Sitharaman on Thursday presented her sixth consecutive budget with a speech lasting 56 minutes, her shortest ever. 1) Income tax Presenting a vote on account of an interim Budget for 2024-25, …

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer
10 months, 3 weeks ago

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer

Live Mint  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in the Parliament today, February 1, which kept the major focus on India's macroeconomic growth and fiscal consolidation. Since 2024 is an election year, with Lok Sabha Elections expected in April-May, the finance minister unveiled an Interim Budget or a Vote on Account in February, rather than a comprehensive annual budget. …

Budget 2024: No change in direct taxes. What does it mean for India's middle class?
10 months, 3 weeks ago

Budget 2024: No change in direct taxes. What does it mean for India's middle class?

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday said that the government won't propose any changes to taxation and will retain the same tax rates for direct taxes and indirect taxes including import duties. Finance Minister Nirmala Sitharaman chose not to increase, or decrease, income tax liability on the middle class. "Keeping with the convention, I do not propose to make …

​Budget 2024: New housing scheme to be introduced for middle class
10 months, 3 weeks ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Budget 2024: FM Nirmala Sitharaman says inflation remains ‘moderate’
10 months, 3 weeks ago

Budget 2024: FM Nirmala Sitharaman says inflation remains ‘moderate’

Live Mint  

Finance Minister Nirmala Sitharaman said on Thursday that inflation had moderated and economic growth picked up over the past year. The senior politician also indicated that ‘pro-active inflation management’ had helped contain inflation within the target band of 2% to 6%. The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4% with …

Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert
10 months, 3 weeks ago

Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert

Hindustan Times  

New Delhi: Union Finance Minister Nirmala Sitharaman, carrying a folder-case containing the Interim Budget 2024, arrives at Parliament House complex to present the budget, in New Delhi, Thursday, Feb. 1, 2024. Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Karad are Income Tax Budget 2024 Highlights: Union finance minister Nirmala Sitharaman on Thursday unveiled budget for the financial …

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget
10 months, 3 weeks ago

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget

India TV News  

New Delhi: Finance Minister Nirmala Sitharaman is set to present the last budget of the Modi 2.0 government before the upcoming general elections. The budget, expected to be a mix of measures for the economy and targeted segments like farmers and women, is the sixth consecutive one for Sitharaman and may highlight the government's achievements over the past decade. Technically …

Budget 2024: Taxpayers can expect this announcement on February 1
10 months, 3 weeks ago

Budget 2024: Taxpayers can expect this announcement on February 1

India Today  

The Interim Budget 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1 and experts indicate that major tax changes are unlikely. On interest on income tax refund, he said the AIS captures income tax refunds along with associated interest, there is room for improvement. However, in case the interest from income tax refund is not subject to …

Populist measures may be missing from Budget 2024. Here's why
10 months, 3 weeks ago

Populist measures may be missing from Budget 2024. Here's why

India Today  

Prime Minister Narendra Modi is expected to break the trend of spending heavily on new welfare programs in the Lok Sabha election year ahead of the upcoming Interim Budget for 2024-25. Government targets lowering the fiscal deficit The government's plan to reduce the fiscal deficit by at least 50 basis points in 2024/25, from the current year's target of 5.9 …

Budget 2024: What to expect from government's pre-election budget
10 months, 3 weeks ago

Budget 2024: What to expect from government's pre-election budget

India Today  

The upcoming Interim Budget 2024-25 will be India's final budget before the upcoming Lok Sabha elections, and Prime Minister Narendra Modi is likely to focus on winning over voters. What to expect in the budget The focus is expected to be on the pace of fiscal consolidation and policy priorities for the future, Madhavi Arora, an economist with Emkay Global …

Interim Budget 2024: Fighting inflation in focus, but there's a catch
11 months ago

Interim Budget 2024: Fighting inflation in focus, but there's a catch

India Today  

Inflation's been on the rise in India, and guess what? Countering inflation without tax benefits For the economically disadvantaged, the government is expected to extend existing schemes, including the Pradhan Mantri Jan Dhan Yojana 2.0, aiming to connect 40 crore bank account holders with financial assets. Additionally, the Pradhan Mantri Awas Yojana might see further support, providing affordable housing to …

Budget 2024: What to expect on AIFs, taxation, and compliance?
11 months ago

Budget 2024: What to expect on AIFs, taxation, and compliance?

Live Mint  

India is bracing for a familiar yet exciting transition in the upcoming months. As the nation gears up for general elections in April-May 2024, Union Finance Minister Nirmala Sitharaman will present the Interim Budget 2024-25 on February 1. According to the ‘No Ifs about AIFs 2023’ report, the introduction of GST and state-of-the-art digital public infrastructure such as Aadhaar for …

Budget 2024: Key terms you should know before the announcement
11 months, 1 week ago

Budget 2024: Key terms you should know before the announcement

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more. Fiscal deficit A fiscal deficit occurs when the government's total expenditure exceeds total …

Interim Budget 2024: Date, time, all you need to know
11 months, 1 week ago

Interim Budget 2024: Date, time, all you need to know

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-2025 on February 1, 2024, at 11:00 am in the Parliament. An interim budget, unlike the comprehensive annual budget, is a short-term measure covering the fiscal year's initial months. It serves as a temporary financial plan, ensuring government expenses and operations continue until a new government is formed, or …

Will there be any major announcement in 2024 general budget? Finance Minister has THIS to say
1 year ago

Will there be any major announcement in 2024 general budget? Finance Minister has THIS to say

India TV News  

Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections. Sitharaman said that it is true that the budget that will be announced on February 1, 2024, will be only a 'vote on …

#Middleclass is trending on Twitter and people have mixed thoughts about Budget 2023. Best memes
1 year, 10 months ago

#Middleclass is trending on Twitter and people have mixed thoughts about Budget 2023. Best memes

India Today  

Social media platforms were flooded with reactions after Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2023-24. The Union Budget was presented keeping in mind a host of global factors like a steep rise in inflation and a possible GDP growth slowdown in the financial year 2024. Sitharaman proposed a new tax regime, under which the …

First Budget Of Amrit Kaal Will Fulfil The Dreams Of Middle Class: PM Modi On Budget 2023
1 year, 10 months ago

First Budget Of Amrit Kaal Will Fulfil The Dreams Of Middle Class: PM Modi On Budget 2023

ABP News  

New Delhi: Prime Minister Narendra Modi on Wednesday reacted to the Union Budget 2023 tabled by the Finance Minister Nirmala Sitharaman in Parliament and said, that this year's budget will fullfill dreams of aspirational society including poor people, middle-class people, farmers. This budget will fulfil dreams of aspirational society including poor people, middle-class people, farmers," PM Modi said. This budget …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 10 months ago

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s …

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class
1 year, 10 months ago

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class

News 18  

Budget 2023 Expectations: 'Healthcare Budget For Moving Towards Value-Based Care Model' Apurva Sule, Chief Business Officer, Heaps Health, said, “The National Health Authority, in its most recent announcement, plans to introduce a new system wherein the performance of the hospitals empaneled with the central flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will be graded on value-based health care …

Budget 2023 Expectations LIVE News Updates: FM Sitharaman Likely to Increase Defence Allocation
1 year, 11 months ago

Budget 2023 Expectations LIVE News Updates: FM Sitharaman Likely to Increase Defence Allocation

News 18  

The Union Budget 2023-24, which is all set to be presented on February 1, is coming at a time when major economies across the world are facing uncertainty and are, as per various agencies, likely to face recession this year. Their budget expectations in this regard is very high because this will be the last full budget of the incumbent …

Budget 2023: Why govt should consider tax relief despite limited fiscal room
1 year, 11 months ago

Budget 2023: Why govt should consider tax relief despite limited fiscal room

India Today  

An incremental tax relief in the upcoming Union Budget 2023 could help the central government provide consumption support to the Indian economy in FY24 and shield it from the worsening financial environment in the West. Recently, global economic experts, including International Monetary Fund Deputy Managing Director Gita Gopinath, noted that an inflation-driven price shock could disrupt the lives of people …

Budget 2023: I belong to middle-class family, understand their pressure, says Sitharaman
1 year, 11 months ago

Budget 2023: I belong to middle-class family, understand their pressure, says Sitharaman

India TV News  

Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the …

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report
2 years ago

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report

ABP News  

The Narendra Modi government is expected to remain on the path of fiscal consolidation in the last full Budget before the 2024 elections. According to the survey, more than 80 per cent of the economists said that fiscal consolidation was likely to be the dominant theme in the budget to be announced on February 1. But the pandemic severely affected …

Budget 2022: FM Nirmala Sitharaman Lays Long-term Blueprint for Amrit Kal
2 years, 10 months ago

Budget 2022: FM Nirmala Sitharaman Lays Long-term Blueprint for Amrit Kal

News 18  

This is the second Budget in the midst of a pandemic that warranted careful manoeuvring between growth, inflation and expenditure. Finance Minister Nirmala Sitharaman has done a fine job by laying a long-term blueprint for the ‘Amrit Kal’ and has announced various short-term measures that will maintain the growth momentum or K-shaped recovery of the economy. The focus on the …

Middle Class memes flood Internet after Nirmala Sitharaman presents Budget 2022. Have you seen them?
2 years, 10 months ago

Middle Class memes flood Internet after Nirmala Sitharaman presents Budget 2022. Have you seen them?

India Today  

As Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1, social media users kept themselves busy creating hilarious memes that soon sent the internet into an overdrive. In order to capture the middle class section's response to the Budget, social media users created funny memes featuring Hindi film scenes and jokes. Take a look at the Middle …

Budget 2022: Netizens Post Dank Memes On 'Middle Class' Aspirations After FM Sitharaman's Speech
2 years, 10 months ago

Budget 2022: Netizens Post Dank Memes On 'Middle Class' Aspirations After FM Sitharaman's Speech

ABP News  

New Delhi: The Union Finance Minister presented the Budget for the year 2022-23 in the parliament today. A Twitter user took a dig at the opposition saying, “@PChidambaram_IN @Swamy39 @RahulGandhi @MamataOfficial @yadavakhilesh @ashokgehlot51 budget dekh rahe Ho Na. A memer posted a well-known meme template with the caption, “Middle Class watching the Budget only for Income Tax Slab announcement.” Middle …

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs
2 years, 10 months ago

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs

News 18  

Income Tax Slabs, Budget 2022 LIVE Updates: Salaried middle class wants finance minister Nirmala Sitharaman to announce some populist measures in Union Budget 2022.?New provision Permitting tax payers to file an updated return on payment of additional tax, permitted up to two years,? The middle class taxpayers also expect an increase in Section 80C deduction under the Income Tax Act, …

Union Budget 2022: Will Nirmala Sitharaman address India's job crisis, inflation woes?
2 years, 10 months ago

Union Budget 2022: Will Nirmala Sitharaman address India's job crisis, inflation woes?

India Today  

All eyes are on Finance Minister Nirmala Sitharaman who will present the Union Budget 2022 at 11 am. Inflation, growing unemployment and economic slowdown due to the third wave of the coronavirus pandemic are some key challenges that experts expect the government to address in Budget 2022. Experts are optimistic that the government will extend credit relief to MSMEs and …

Budget 2022 wish list: What salaried class, taxpayers want from FM Sitharaman
2 years, 10 months ago

Budget 2022 wish list: What salaried class, taxpayers want from FM Sitharaman

India Today  

From uncertainty in job markets to inflation, the Covid-19 pandemic has hurt the salaried class and taxpayers in the country in more ways than one. The salaried class and taxpayers, comprising mostly middle-class households, expect some measures from Finance Minister Nirmala Sitharaman in the Union Budget 2022-23 on February 1, two surveys revealed. Taxpayers expect the government to increase the …

Indians Flood Twitter With The Most Middle Class Memes as Sitharaman Announces Budget 2021
3 years, 10 months ago

Indians Flood Twitter With The Most Middle Class Memes as Sitharaman Announces Budget 2021

News 18  

Union budget and middle-class memes go hand in hand. The finance minister speech that commenced at 11 am on Monday is expected to provide relief to the middle class by way of income tax benefits as well as focus on higher spending on health amid the coronavirus pandemic as well as defence amid strained ties with neighbours. Chai wala bhaiya …

Watch Nirmala Sitharaman's Budget 2021 speech live telecast at Aaj Tak, India Today
3 years, 10 months ago

Watch Nirmala Sitharaman's Budget 2021 speech live telecast at Aaj Tak, India Today

India Today  

Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2021-22 at 11 am on Monday. You can tune-in to India Today LIVE TV to watch Nirmala Sitharaman's speech. As India emerges from the Covid-19 crisis, the ninth budget under the Narendra Modi government, including an interim one, is widely expected to focus on boosting spending on job …

Budget 2021 Taxpayer Expectations: Know What A Common Man Is Eyeing In This Budget
3 years, 11 months ago

Budget 2021 Taxpayer Expectations: Know What A Common Man Is Eyeing In This Budget

ABP News  

Budget 2021 Taxpayer Expectations: With the common man bearing the brunt of Covid-19 in 2020, now all eyes are set on the annual budget to be presented by finance minister Nirmala Sitharaman on February 1, 2021. The current tax slabs are NIL for those earning between Rs 0-2,50,000: 5 percent for income between Rs 2.5-5 lakh Rs 5 lakh-Rs 7.5 …

Discover Related