Budget 2025: Hike in basic exemption limit to boost in NPS, taxpayers could expect three key changes today
1 month, 4 weeks ago

Budget 2025: Hike in basic exemption limit to boost in NPS, taxpayers could expect three key changes today

India TV News  

Union Finance Minister Nirmala Sitharaman is all set to present to the Union Budget 2025 at 11 am. This time, she might announce some major changes to the new income tax regime in the Budget 2025 to make it more attractive for individual taxpayers. Hike in basic exemption limit One of the key changes could be an increase in the basic exemption limit from Rs 3,00,000 to Rs 3,50,000. This time, Finance Minister Nirmala Sitharaman will present her eighth consecutive Budget on Saturday and will deliver it shortly from a digital tablet enclosed in a traditional 'bahi-khata' style pouch. Sitharaman, India's first full-time woman Finance Minister, broke away from the colonial tradition of carrying a Budget briefcase in July 2019, opting instead for a traditional 'bahi-khata', to carry the Union Budget papers.

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History of this topic

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman
Trending News
5 days, 15 hours ago

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday said the Finance Bill 2025 provides unprecedented tax relief, and the 13.14% projected growth in personal income tax collection is "realistic" and supported by solid data. Union Budget 2025: Tax bonanza for middle class In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. …

Assam Budget 2025: Professional tax exemption, bumper cheque for women
Trending News
2 weeks, 6 days ago

Assam Budget 2025: Professional tax exemption, bumper cheque for women

Live Mint  

Assam Finance Minister Ajanta Neog presented the state budget for the financial year 2025-26 in the state assembly on March 10. Ahead of the 2026 assembly polls in the state, this is the last full-fledged budget of the Himanta Biswa Sarma-led Assam government. Here are the 10 key highlights from the budget: TAX EXEMPTION: The budget proposed to exempt professional …

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know
3 weeks, 4 days ago

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know

India TV News  

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know India’s taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce the burden on taxpayers, and enhance ease of doing business. In a significant move to simplify …

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser
1 month, 1 week ago

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser

The Hindu  

Finance Minister Nirmala Sitharaman held a press conference after an interaction post Union Budget 2025-26. On the question of FIIs and retail investors, the finance minister held that Indian markets today are also yielding good returns and profit booking is also happening. On FII money outflow Adding to the Finance Minister’s statement, Finance Secretary Tuhin Kanta Pandey held that it …

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
1 month, 2 weeks 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 …

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha
1 month, 2 weeks ago

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha

The Hindu  

February 13, 2025 16:35 Recurring themes of transparency, co-operative federalism since 2020-21: Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman mentions features of budget-making in the past 4-5 years which “speak for themselves.” She notes that during the pandemic years, the government’s attempt resulted in India becoming “fragile five,” while after Covid, with targeted support to those who needed help, …

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP
1 month, 2 weeks 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 …

Budget 2025: Key personal finance tax changes that will affect taxpayers
1 month, 2 weeks ago

Budget 2025: Key personal finance tax changes that will affect taxpayers

Live Mint  

The recently announced budget introduced significant personal finance changes impacting taxpayers and investors. It has been clarified by the Finance Ministry that if the annual premium exceeds ₹2.5 lakhs the redemption becomes subject to capital gains tax. Timeline for filing updated income tax returns has been extended One more crucial development has been that the timeline for filing updated income …

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, 2 weeks ago

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

The Hindu  

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

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report
1 month, 3 weeks 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 …

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report
Top News
1 month, 3 weeks ago

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report

ABP News  

New Income Tax Bill: The Union Cabinet has reportedly given its nod to a new Income Tax Bill aimed at simplifying India’s tax framework and modernising compliance procedures, as reported by PTI citing sources. Finance Minister Nirmala Sitharaman first announced the Narendra Modi Government's intent to overhaul the tax framework during her Budget 2024 presentation. Updated Tax Slabs & Rates …

When Will The New Income Tax Rates Come Into Effect?
1 month, 3 weeks ago

When Will The New Income Tax Rates Come Into Effect?

ABP News  

Finance Minister Nirmala Sitharaman announced a major income tax relief in her Budget 2025 speech on Saturday, stating that no tax will be payable on annual incomes up to Rs 12 lakh under the New Tax Regime. With the standard deduction of Rs 75,000, this effectively raises the tax-free income threshold to Rs 12.75 lakh for salaried individuals. Revised Tax …

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks
Trending News
1 month, 3 weeks ago

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

India Today  

Finance Minister Nirmala Sitharman on Tuesday said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for nation building. So this is a continuing part of Prime Minister Modi's effort to respect the service that taxpayers are doing in mission building," said Sitharman at the Budget Round …

5 key tax reforms for middle class introduced in Budget 2025
1 month, 3 weeks ago

5 key tax reforms for middle class introduced in Budget 2025

India Today  

The Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on February 1, 2025, witnessed several key income tax reforms aimed especially at the middle class. REVISION OF INCOME TAX SLABS The government has proposed revisions to the tax slabs under the new regime: 0-4 lakh rupees: Nil 4-8 lakh rupees: 5% 8-12 lakh rupees: 10% 12-16 lakh rupees: 15% …

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
1 month, 4 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”. …

The Hindu Morning Digest, February 2, 2025
1 month, 4 weeks ago

The Hindu Morning Digest, February 2, 2025

The Hindu  

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

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025, netizens in celebration mode
1 month, 4 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 …

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief
1 month, 4 weeks ago

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief

India Today  

The Central Board of Direct Taxes Chairman Ravi Agrawal said that over 90 per cent of individual taxpayers are expected to adopt the new tax regime, up from the current 75 per cent, after Finance Minister Nirmala Sitharaman announced zero tax for earnings of up to Rs 12 lakh per annum in her Union Budget 2025 speech. Sitharaman, on Saturday, …

BJP hails Union Budget 2025-26 as ‘Developed India’ Budget
1 month, 4 weeks ago

BJP hails Union Budget 2025-26 as ‘Developed India’ Budget

Deccan Chronicle  

Vijayawada:AP BJP president and Rajahmundry MP Daggubati Purandeswari praised the Union Budget 2025-26, calling it a people-centric budget that will drive economic growth and benefit all sectors, including agriculture, MSMEs, women, and youth. Health Minister Satya Kumar Yadav welcomed the 12.9% budget increase for healthcare and lauded key initiatives like telemedicine, digital diagnostics, AI-based services, and broadband expansion in primary …

Budget Reactions: Yadav, Sai hail budget, say it will realize commitment of developed India
1 month, 4 weeks ago

Budget Reactions: Yadav, Sai hail budget, say it will realize commitment of developed India

Deccan Chronicle  

Bhopal: Madhya Pradesh chief minister Mohan Yadav on Saturday hailed the Union budget for 2025-26 presented in the parliament, saying that it would fulfil the commitments of the developed India, given by Prime Minister Narendra Modi. Taking to X, he said, “The Union budget 2025-26 presented by Finance Minister Nirmala Sitharaman under the guidance of respected Prime Minister Narendra Modi …

Budget 2025: Was this a death knell for the old tax regime?
1 month, 4 weeks ago

Budget 2025: Was this a death knell for the old tax regime?

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. The tax slab rates under the old tax regime are as follows: Slab Tax 0-2.5 lakh NIL 2.5 to 5 lakh 5% 5 lakh to 10 lakh 20% Above 10 lakh 30% Now imagine someone who earns ₹12 lakh is …

Budget brings cheers to salaried, middle class and elderly
1 month, 4 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 …

'Will benefit only 20-25 people': Rahul Gandhi slams Union Budget 2025
1 month, 4 weeks ago

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

Op India  

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

Union Budget reflects aspirations of people, says Rangasamy
1 month, 4 weeks ago

Union Budget reflects aspirations of people, says Rangasamy

The Hindu  

The Union Budget presented by Finance Minister Nirmala Sitharaman “reflects the aspirations of people and further advances the development of the country,” Chief Minister N. Rangasamy said on Saturday. Complimenting Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman, Mr. Rangasamy said the Central government has shown its priority towards development of the farm sector by introducing Pradhan Mantri …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 4 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 …

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens
1 month, 4 weeks ago

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens

Firstpost  

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens. The tax deduction limit on interest income for them has been doubled from Rs 50,000 to Rs 1 lakh and withdrawals from National Savings Scheme will be exempted from taxes The Budget 2025 not only focused on youth but also on easing elderly …

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens
1 month, 4 weeks ago

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens

Firstpost  

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens. The tax deduction limit on interest income for them has been doubled from Rs 50,000 to Rs 1 lakh and withdrawals from National Savings Scheme will be exempted from taxes The Budget 2025 not only focused on youth but also on easing elderly …

Union Budget 2025: Income tax exemption will help increase purchasing power of people, says Pemmasani Chandra Sekhar
1 month, 4 weeks ago

Union Budget 2025: Income tax exemption will help increase purchasing power of people, says Pemmasani Chandra Sekhar

The Hindu  

Stating that Union Budget 2025 ‘reflects the true aspirations’ of the people of India, Union Minister of State for Rural Development and Communications Pemmasani Chandra Sekhar has said that income tax exemption up to ₹12 lakh will help boost the economy in a big way as taxpayers will have more disposable income for spending. More purchasing power and spending will …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 4 weeks ago

Union Budget 2025: A responsive Budget that banks on India

The Hindu  

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is the increase in income tax exemption to ₹12 lakh, which will …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
1 month, 4 weeks ago

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

Firstpost  

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

New income tax slabs and more: The big Budget 2025 announcements, in graphics
1 month, 4 weeks ago

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

Firstpost  

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the major announcements of the Budget Union Finance Minister Nirmala Sitharaman addresses a post-budget press conference, in New Delhi, Saturday, February 1, 2025. PTI Finance Minister Nirmala Sitharaman …

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025
1 month, 4 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, 4 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 …

Union Budget 2025-26: Dimple Yadav questions lack of innovation and calls for justice
1 month, 4 weeks ago

Union Budget 2025-26: Dimple Yadav questions lack of innovation and calls for justice

Hindustan Times  

Samajwadi Party MP Dimple Yadav on Saturday criticised Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha, saying that there was "nothing new" in the Budget. Asserting that there was "nothing new" in the Union Budget, Samajwadi Party MP Dimple Yadav attacked it on Saturday when Finance Minister Nirmala Sitharaman delivered it to the lawmakers. Union Finance Minister …

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know
1 month, 4 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 …

Your Budget 2025 Guide: Income tax slabs, rates, and key benefits. All your queries answered
1 month, 4 weeks ago

Your Budget 2025 Guide: Income tax slabs, rates, and key benefits. All your queries answered

Live Mint  

Your Budget 2025 Guide: Under the new income tax slabs announced by Finance Minister Nirmala Sitaraman, income up to ₹12 lakh will be tax-free. Up to ₹4 lakh - 0 per cent ₹4-8 lakh - 5 per cent ₹8 12 lakh - 10 per cent ₹12-16 lakh - 15 per cent ₹16-20 lakh - 20 per cent ₹20-24 lakh - …

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates
Top News
1 month, 4 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 …

How Budget 2025 makes studying abroad, travelling less tedious
1 month, 4 weeks ago

How Budget 2025 makes studying abroad, travelling less tedious

Firstpost  

Finance Minister Nirmala Sitharaman revised the Tax Collected at Source rates on foreign remittances on Saturday. The changes will bring relief to those making smaller foreign transactions for education and travel The Centre has changed the TCS rates on education remittances, especially for students who are taking out loans from reputable banks and authorised nonprofits under Section 80E of the …

In economy's shifting sands, a budget to boost demand
1 month, 4 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 …

Budget 2025: Income Tax cut can boost consumption by 10%, take GDP growth to up to 8%, says IMF Executive Director
1 month, 4 weeks ago

Budget 2025: Income Tax cut can boost consumption by 10%, take GDP growth to up to 8%, says IMF Executive Director

Firstpost  

After Union Finance Minister Nirmala Sitharaman rejigged the income tax regime in the Budget 2025-26, IMF Executive Director Krishnamurthy V Subramanian said the move could raise consumption by 10% and economic growth by 8% A customer looks at consumable goods before buying them at a supermarket in the southern Indian city of Hyderabad December 1, 2011. The income tax cut …

New norms for TDS, TCS in Union Budget 2025
1 month, 4 weeks ago

New norms for TDS, TCS in Union Budget 2025

The Hindu  

Finance Minister Nirmala Sitharaman presented the Union Budget for 2025 in Parliament on Saturday In her record eighth budget, she introduced several measures pertaining to personal finance, including the rationalisation of TDS and TCS. “Threshold amounts for tax deduction will be increased for better clarity and uniformity, ” Ms. Sitharaman said. Second, the annual limit of ₹2.4 lakh for TDS …

Delhi election and Budget 2025: What Nirmala Sitharaman offered national capital ahead of voting?
1 month, 4 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: Who benefits and who doesn’t
1 month, 4 weeks ago

Budget 2025: Who benefits and who doesn’t

Live Mint  

Mint brings you a special edition of Budget 2025, containing key takeaways, how it impacts various sectors, who benefits and who doesn’t, what’s costlier and what’s cheaper, and the big Budget numbers you should know. What the Budget Contains Tax Relief for Middle Class The finance minister exempted income up to ₹12 lakh a year from income tax, and lowered …

Budget 2025: Arvind Kejriwal ’disappointed’ as Modi govt ’ignores’ his billionaire loan waiver proposal
1 month, 4 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 …

Govt proposes hike in threshold for TDS on rent to ₹6 lakh from current ₹2.4 lakh annual limit
1 month, 4 weeks ago

Govt proposes hike in threshold for TDS on rent to ₹6 lakh from current ₹2.4 lakh annual limit

The Hindu  

The government on Saturday proposed to enhance annual threshold for deduction of tax at source on rent to ₹6 lakh from the current limit of ₹2.4 lakh. Further, threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget speech. According to the Budget document, Section 194-I of the Income …

All personal finance updates from Budget 2025
1 month, 4 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 …

Union Budget 2025-26: Prime Minister Narendra Modi comments on the Budget presented by Nirmala Sitharaman on February 1, 2025
1 month, 4 weeks ago

Union Budget 2025-26: Prime Minister Narendra Modi comments on the Budget presented by Nirmala Sitharaman on February 1, 2025

The Hindu  

Prime Minister Narendra Modi, on Saturday, said that “This Budget fulfils dreams of every Indian, reflects aspirations of 140 crore Indians. It is a people’s Budget.” Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Lok Sabha on the second day of the Budget session of Parliament. Union Budget 2025 LIVE updates Mr. Modi said, “Budgets often …

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?
1 month, 4 weeks ago

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Firstpost  

In Budget 2025, Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. No tax on income up to Rs 12 lakh While delivering her Budget speech, which was 74 minutes in duration, Finance Minister Nirmala Sitharaman announced that the government will raise the tax rebate limit in the new regime from Rs 7 …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 4 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, 4 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 …

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