Criticism Mounts Over Income Tax Rates In Interim Budget 2024
11 months, 1 week ago

Criticism Mounts Over Income Tax Rates In Interim Budget 2024

Deccan Chronicle  

Visakhapatnam: Salaried classes were disappointed that the Income Tax rates have not been reduced in the Interim Budget 2024. Union finance minister Nirmala Sitharaman, while presenting the Budget in Parliament on Thursday, made it clear that there would be no change in the taxation rates for the coming fiscal. She also claimed that there was a 50 per cent increase in the average real income of the people across the board. He said, post-Covid, the government had taken away many benefits given to the common citizens, rendering them ineligible even for loans and insurance.

Income Tax  benefits  reduced  interim  mounts  2024  disappointed  criticism  days  cent  rates  income  tax  employee  budget

History of this topic

Budget 2025: Can you expect Rs 10 lakh tax-free income?
2 days, 2 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 …

Budget 2025: Mohandas Pai calls for revised tax slabs, relief for middle-class
Trending News
1 week, 1 day ago

Budget 2025: Mohandas Pai calls for revised tax slabs, relief for middle-class

India Today  

As the 2025 Union Budget approaches, former Infosys CFO TV Mohandas Pai has outlined his recommendations for substantial tax reforms. PROPOSED TAX REFORMS Pai highlighted the sharp increase in individual tax collections, which rose from Rs 4.87 lakh crore in FY21 to Rs 10.45 lakh crore in FY24—a 114% jump in three years. He proposed new tax slabs with no …

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 …

Mixed reactions to revised Income Tax rates, deductions in Andhra
5 months, 2 weeks ago

Mixed reactions to revised Income Tax rates, deductions in Andhra

New Indian Express  

GUNTUR: Finance Minister Nirmala Sitaraman’s announcements on Income Tax have evoked mixed feelings among the public. Under the new regime of the personal Income Tax rates, she announced that standard deduction for salaried employees has been hiked to Rs 75,000 from Rs 50,000. Explaining the significance of the changes to the standard deduction, Murthy Naidu, a financial analyst, said a …

Budget 2024: How the changes in new tax regime will benefit the salaried, explained
5 months, 2 weeks ago

Budget 2024: How the changes in new tax regime will benefit the salaried, explained

Hindustan Times  

Salaried income taxpayers shifting to the new tax regime stand to save up to ₹17,500 in income tax, finance minister Nirmala Sitharaman announced in presenting the Union budget 2024. The finance minister announced increased standard deduction for those opting to file their tax returns under the new regime and also widened the tax slabs to give relief. Increase in the …

'EMPLOYMENT': Nirmala Sitharaman's acronym for Budget 2024 theme
5 months, 2 weeks ago

'EMPLOYMENT': Nirmala Sitharaman's acronym for Budget 2024 theme

India Today  

With job creation and youth skilling initiatives being the top focus of the government, Finance Minister Nirmala Sitharaman coined a new acronym - 'EMPLOYMENT' - as the theme of the Union Budget 2024-25. Read Full Budget 2024 Coverage While the government has tweaked tax slabs under the new income tax regime to boost consumption among the salaried class, it has …

Budget 2024: Income tax slabs changed, standard deduction increased. Read details
5 months, 2 weeks ago

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

Op India  

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

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
5 months, 2 weeks ago

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

The Hindu  

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

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 …

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 …

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months, 2 weeks 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, 2 weeks 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 …

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
5 months, 3 weeks 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: 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, …

Budget 2024: Finance minister Nirmala Sitharaman to increase income tax exemption limit?
6 months, 3 weeks ago

Budget 2024: Finance minister Nirmala Sitharaman to increase income tax exemption limit?

Hindustan Times  

Finance Minister Nirmala Sitharaman may increase income tax exemption limit in the upcoming Budget 2024 which is the first for the third term of the PM Modi Government. News agency Reuters reported that the first full-fledged Budget 2024 of Modi 3.0 may relieve taxpayers as the government is considering reducing income tax rates for specific groups of individuals. The government …

Budget 2024: No change in direct taxes. What does it mean for India's middle class?
11 months, 1 week 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 …

No Change In Tax Slabs, Focus On Middle-Class — Here Are The Highlights Of Budget 2024
11 months, 1 week ago

No Change In Tax Slabs, Focus On Middle-Class — Here Are The Highlights Of Budget 2024

ABP News  

Finance Minister Nirmala Sitharaman on Thursday announced a host of new schemes to be implemented once the new government assumes power. INFRASTRUCTURE Union Finance Minister Nirmala Sitharaman said that the capital expenditure outlay in the past 4 years had tripled and had a huge impact on economic growth and employment creation. "Our Government will launch a scheme to help deserving …

No changes in income tax rates, slabs, announces Nirmala Sitharaman
11 months, 1 week ago

No changes in income tax rates, slabs, announces Nirmala Sitharaman

Hindustan Times  

Finance minister Nirmala Sitharaman on Thursday announced no change in the existing tax regime -- both direct and indirect. For taxpayers, there will be no relief as income tax rates and slabs remain the same in the interim budget that Nirmala Sitharaman presented ahead of the Lok Sabha election 2024. "I propose to retain the same tax rates for direct …

Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert
11 months, 1 week 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 …

Interim Budget 2024: Will new income tax regime get another makeover?
11 months, 2 weeks ago

Interim Budget 2024: Will new income tax regime get another makeover?

India Today  

As Finance Minister Nirmala Sitharaman gears up to announce the Interim Budget 2024-25, the new income tax regime is in focus again. Deduction for interest on housing loans Salaried individuals with housing loans are cautious about shifting to the new tax regime due to the potential loss of home loan interest deductions. Abhishek Soni suggests that extending the deduction for …

FM says new tax regime has been made \'very attractive\'
1 year, 10 months ago

FM says new tax regime has been made \'very attractive\'

Deccan Chronicle  

NEW DELHI: Finance minister Nirmala Sitharaman on Friday said that the government chose the capital expenditure route to revive the economy as it has a great multiplier effect. She also said the new tax regime has been made “very attractive”, emphasising on moderation in personal taxes for the middle classes in the country. “In the new tax regime, offering a …

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS
1 year, 11 months ago

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

India TV News  

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

Sitharaman Interview Highlights: Indian Tax System Shouldn't be Seen as Too Harsh, Says FM
1 year, 11 months ago

Sitharaman Interview Highlights: Indian Tax System Shouldn't be Seen as Too Harsh, Says FM

News 18  

Nirmala Sitharaman Exclusive Interview to News18 LIVE Updates Union finance minister Nirmala Sitharaman on Friday credited people of India for?standing with the decisions of the government?. The finance minister said that she expects 50-55 per cent of taxpayers to shift to the new exemption-free tax regime. New income tax slabs 2023-24: Up to Rs 3 lakh income there is 0% …

Budget 2023: How Nirmala Sitharaman attempted to simplify tax experience
1 year, 11 months ago

Budget 2023: How Nirmala Sitharaman attempted to simplify tax experience

Live Mint  

The Hon’ble Finance Minister presented today the last full-fledged Budget 2023 under the Modi 2.0 Government. Further, with the proposals, it is apparent that the Government wants to simplify the tax experience to its taxpayers by proposing a common tax return form, bringing reforms to litigation and also giving prominence to the new tax regime which does not require the …

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman
1 year, 11 months ago

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman presented Union Budget 2023 in Parliament on Wednesday and her proposals come at a time when India’s economy is facing challenges from a plethora of global factors, including inflation and a possible GDP growth slowdown in FY24 as predicted by the International Monetary Fund in its January update of the World Economic Outlook. The Top …

#Middleclass is trending on Twitter and people have mixed thoughts about Budget 2023. Best memes
1 year, 11 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 …

‘No income, how can they benefit from tax relief’: Who said what on Budget 2023
1 year, 11 months ago

‘No income, how can they benefit from tax relief’: Who said what on Budget 2023

Hindustan Times  

Political reactions started to pour in soon after Union finance minister Nirmala Sitharaman presented the Union budget for the fiscal year 2023-24. While BJP leaders hailed the budget as a ‘middle-class bonanza’ and inclusive, opposition leaders said the government is not addressing the serious economic conditions in the country including the common man's plight. Parliamentarians during presention of the Union …

5 Major Announcements For Middle-Class: Budget 2023-24
1 year, 11 months ago

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

Live Law  

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

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You
1 year, 11 months ago

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You

News 18  

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Nirmala Sitharaman today announced Income Tax relief for the salaried class with an eye on the mega 2024 elections as well as several state battles as she delivered the Union Budget 2023 speech. She also announced changes in the tax slabs under the new tax regime, which …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 11 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: Govt increases income tax rebate to Rs 7 lakh per annum | 5 major announcements
1 year, 11 months ago

Budget 2023: Govt increases income tax rebate to Rs 7 lakh per annum | 5 major announcements

India TV News  

Budget 2023: In a big relief for the common man, the Modi government on Wednesday increased the personal income tax rebate to Rs 7 lakh per annum. The income tax rebate is one of the 5 major announcements made by Finance Minister Nirmala Sitharaman in the first budget of 'Amrit Kaal'. Sitharaman tweaked the slabs to provide some relief to …

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes
1 year, 11 months ago

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes

India Today  

Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in Parliament today. This year’s budget comes at a time when India’s economy faces challenges from a host of global factors; a steep rise in inflation and a possible GDP growth slowdown in the financial year 2024. However, the finance minister announced some relief for taxpayers as she proposed a new …

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
1 year, 11 months ago

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?

India TV News  

Budget 2023: As the Union Budget 2023 would be the last full term budget to be presented before the 2024 Lok Sabha elections, there are high hopes that Finance Minister Nirmala Sitharaman will change the tax rates for Indian taxpayers. In addition, key decisions regarding the long-term capital gains tax on equity investment and measures to increase demand for the …

Why salaried class didn't get any tax relief in Budget 2022
2 years, 11 months ago

Why salaried class didn't get any tax relief in Budget 2022

India Today  

The salaried class grappling with rising living costs and uncertainty in the job market was hopeful that the Union Budget 2022 would provide much relief. However, Finance Minister Nirmala Sitharaman's fourth Union Budget neither tinkered with income tax slabs nor raised the standard deduction, which was widely expected in view of inflation levels and the impact of the Covid-19 pandemic …

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday
2 years, 11 months ago

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday

News 18  

Union Finance Minister Nirmala Sitharaman on Tuesday presented Budget 2022 and tabled the Finance Bill 2022 to the Parliament. And will do more.” After Sitharaman’s Budget speech, PM Modi called the Union Budget “people-friendly”. The Union Budget 2022-23 would also be available on the Mobile App after the process of Union Budget presentation. Watch Live Union Budget 2022 Here What …

Budget 2022: No change in income tax slabs announced
2 years, 11 months ago

Budget 2022: No change in income tax slabs announced

India Today  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget, did not announce any new changes in tax slabs for the personal income tax category. It was highly expected that some incremental changes would be introduced to the current income tax regime, but, no significant change was announced. Read: Budget 2022: What Nirmala Sitharaman said on income tax and return filing …

Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers
2 years, 11 months ago

Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers

India TV News  

Highlights Sitharaman did not raise the standard deduction Concessional rate of 15 per cent has been extended by one year for newly incorporated units The basic personal tax exemption limit in the personal income tax was last revised in 2014 There was no change in the personal income tax slabs in the Union Budget 2022-23 unveiled on Tuesday by Finance …

Union Budget 2022-23: Why salaried class may not get big income tax relief
2 years, 11 months ago

Union Budget 2022-23: Why salaried class may not get big income tax relief

India Today  

Stagnant income and risk of inflation due to the Covid-19 pandemic severely crippled the salaried class in the country over the past two years. Many people have sought income tax relief from the government in the upcoming Union Budget 2022-23. TAXPAYERS' WISHLIST A survey conducted by world's leading accounting firm KPMG indicated that most respondents expect an enhancement in the …

Budget 2022 wish list: What salaried class, taxpayers want from FM Sitharaman
2 years, 11 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 …

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax
3 years, 11 months ago

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Firstpost  

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items Budget 2021 was delivered against the backdrop of a global pandemic and all the challenges that it brought along. With the Economic Survey pointing at a deficit in tax collection, largely attributable …

Union Budget 2021: Five Income Tax Changes You Should Know
3 years, 11 months ago

Union Budget 2021: Five Income Tax Changes You Should Know

News 18  

The Union Budget 2021 presented by Finance Minister Nirmala Sitharaman on Monday did not announce change in income tax slabs for individuals, leaving them disappointed. In a move to justify tax exemption for high income employees, the 2021 Budget proposed to restrict tax exemption for the interest income earned on the class’ contribution made to various provident funds up to …

News18 Evening Digest: What Gets Costlier, Cheaper in Budget 2021, Tax-related Announcements and Other Top Stories
3 years, 11 months ago

News18 Evening Digest: What Gets Costlier, Cheaper in Budget 2021, Tax-related Announcements and Other Top Stories

News 18  

Budget 2021: What Gets Costlier, Cheaper; Check Full List Here Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Lok Sabha on Monday. However, Sitharaman’s budget did not bring any relief to the middle class as income tax slabs remain unchanged. Income Tax Slabs Unchanged, But Budget 2021 Has These 6 Tax Related Announcements Contrary to expectations of middle …

Union Budget 2021: 10 Things That May Have An Effect on Your Personal Finances
3 years, 11 months ago

Union Budget 2021: 10 Things That May Have An Effect on Your Personal Finances

News 18  

The Union Budget 2021, presented by Finance Minister Nirmala Sitharaman, did not make a change to tax slabs in Income Tax Returns. Pre-filled tax forms To make filing your income tax easier, Sitharaman said that apart from tax deduction at source, now details of capital gains and interests from banks and post offices would be pre-filled. In order to spur …

Income Tax Slabs Unchanged, But Budget 2021 Has These 6 Tax Related Announcements
3 years, 11 months ago

Income Tax Slabs Unchanged, But Budget 2021 Has These 6 Tax Related Announcements

News 18  

Contrary to expectations of middle class, Finance Minister Nirmala Sitharaman did not tweak personal income tax in Budget 2021. In a relief to senior citizens, the finance minister Nirmala Sitharaman announced that no income tax filing required for seniors citizens above 75 years of age and who have income only from pension and interest income in the Union Budget 2021. …

Union Budget 2021: Finance Ministry May Give Relief Up to Rs 80,000 in Total Tax Liability to Encourage Spending
3 years, 11 months ago

Union Budget 2021: Finance Ministry May Give Relief Up to Rs 80,000 in Total Tax Liability to Encourage Spending

News 18  

In order to put more money in the hands of the tax payer, the Finance Ministry is likely to provide tax relief of up to Rs 80,000 per annum in total tax liability. Sources informed CNBC-TV18 that on the basis of discussion during budget exercise there is strong possibility income tax payers may get relief between Rs 50,000 to Rs …

A long shot at growth: Can FM Nirmala Sitharaman's 161-minute budget revive economy?
4 years, 11 months ago

A long shot at growth: Can FM Nirmala Sitharaman's 161-minute budget revive economy?

India Today  

The burden of two failed budgets of the past weighed on Union Finance Minister Nirmala Sitharaman as she got down to delivering her 161-minute speech - the longest by any finance minister - in Parliament on Saturday. The smorgasbord consisted of personal income tax, farmers, infrastructure, foreign investors, domestic manufacturers, individual taxpayers, affordable housing investors. Having ignored the middle class …

Decoding Budget 2020 | HT Editorial
4 years, 11 months ago

Decoding Budget 2020 | HT Editorial

Hindustan Times  

When finance minister Nirmala Sitharaman arose to present the Union Budget in Parliament, she had to address several challenges. The budget estimate for tax revenue in 2020-21 is around Rs 38,000 crore lower than last year’s budget estimate. On the growth front, it can be argued that this budget’s promise is not what will be termed a “dream” or a …

Full text of Budget 2020 speech by Finance Minister Nirmala Sitharaman
4 years, 11 months ago

Full text of Budget 2020 speech by Finance Minister Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman on Saturday presented the second Union Budget of the Modi 2.0 government. Tax concession for foreign investments " In order to incentivise the investment by the Sovereign Wealth Fund of foreign governments in the priority sectors, I propose to grant 100% tax exemption to their interest, dividend and capital gains income in respect of investment made …

Budget 2020: Personal Income Tax Rates Slashed
4 years, 11 months ago

Budget 2020: Personal Income Tax Rates Slashed

Live Law  

Finance Minister Nirmala Sitharaman has slashed the personal income tax rates but provided to forgo exemptions, as she announced the Union Budget for the Financial Year 2020-2021 today, in the Lok Sabha. It is noteworthy however that the new tax regime is optional for the taxpayers and an individual who is currently availing more deductions & exemption under the IT …

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