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 TDS then individual taxpayers would be able to get this information from the intimation or Form 26AS,” Rajput wrote. “Individuals may miss to report interest earned from income tax refund is taxable as well. Interest earned on the income tax refund can also be documented within the AIS as the data is readily available with income tax department.

Information Income Interest Itr Tds Taxpayers Rental Income Ais Income Tax Refund Tax Refund Unlisted Shares  reporting  information  2024  expect  interest  tds  announcement  ais  budget  taxpayers  income  changes  tax  refund

History of this topic

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions
17 hours, 6 minutes ago

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions

Live Mint  

Finance minister Nirmala Sitharaman is set to present her second comprehensive budget after the 2024 general elections. The old tax regime with the regular income slabs and eligible deductions/exemptions and the new tax regime with relatively wider income slabs and lower tax rates, without most deductions/exemptions available in the old tax regime. A unified tax regime with widened income slabs …

Eyes on income tax, customs duty and capex reforms as Sitharaman begins Budget 2025 meetings
2 weeks, 6 days ago

Eyes on income tax, customs duty and capex reforms as Sitharaman begins Budget 2025 meetings

Firstpost  

An internal committee led by Chief Commissioner of Income Tax VK Gupta will ensure the suggested amendments comply with international standards, improve the system for the taxpayer and facilitate the government’s revenue mechanism Finance Minister Nirmala Sitharaman held a meeting on Tuesday to chart next year’s Union Budget. Talking to Moneycontrol, a government source said, “Eyes on income tax, customs …

Can you expect major income tax changes in Budget 2025? Check details
1 month, 1 week ago

Can you expect major income tax changes in Budget 2025? Check details

India Today  

The Union Budget 2025-26 is set to usher in a new era of tax simplification in India, with the Finance Ministry working on comprehensive reforms to streamline the income tax system. The proposed reforms focus on three key areas: simplifying tax structures, expanding the tax base, and balancing revenue generation with taxpayer relief. SIMPLER TAX FILING Building on the success …

Major income tax reforms in pipeline, Budget 2025 to ease filing process: Sources
Trending News
1 month, 1 week ago

Major income tax reforms in pipeline, Budget 2025 to ease filing process: Sources

India Today  

February 2025 is poised to usher in a new era of tax simplicity in India, as the upcoming Union Budget 2025-26 aims to reform the Income Tax Act, making tax filing easier for citizens, according to sources. Sources in the Finance Ministry told India Today TV that a series of major reforms to the income tax system are in the …

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again
4 months, 4 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 …

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

Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?
5 months ago

Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget for the fiscal 2024-25. In a significant move, Sitharaman unveiled new income tax slabs under the revised tax regime. Here are the new and old income tax slabs New income tax slabs 0-3 lakh: Nil 3-7 lakh: 5% 7-10 lakh: 10% 1-12 lakh 15% 12-15 lakh 20% …

Calculation: Will you pay more income tax or less after Budget 2024 changes?
5 months ago

Calculation: Will you pay more income tax or less after Budget 2024 changes?

Firstpost  

The government has introduced a simplified tax regime for the fiscal year 2024-25, aimed at streamlining the tax structure to make it more taxpayer friendly. As we move to higher income levels, for the range of Rs 1,500,000 to Rs 5,000,000, the tax rate is set at 30 per cent with an effective tax rate of 31.20 per cent. For …

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

FM Says Salaried Employees Under New Tax Regime To Save Rs 17,500 Annually, Here's How
5 months ago

FM Says Salaried Employees Under New Tax Regime To Save Rs 17,500 Annually, Here's How

News 18  

Budget 2024: Salaried employees under new tax regime to save up to Rs 17,500 annually in taxes due to changes proposed in Budget FY25, announced Finance Minister Nirmala Sitharaman on Tuesday. The new tax slabs under the new income tax regime will be effective from April 1, 2024.. FM proposed the following changes in the new tax regime; – Standard …

Budget 2024 Boost To New Tax Regime: Standard Deduction Raised To Rs 75k From Rs 50k
5 months ago

Budget 2024 Boost To New Tax Regime: Standard Deduction Raised To Rs 75k From Rs 50k

News 18  

Finance Minister Nirmala Sitharaman on Tuesday announced to increase standard deduction limit to Rs 75,000 under the new tax regime, compared with Rs 50,000 earlier. Presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will come out with SoP for TDS defaults and simplify and rationalise compounding of such offences. More than two-thirds of individuals …

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

Union Budget 2024: 6 new changes to income tax that the new budget may bring
5 months 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 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?
5 months ago

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

News 18  

Union Budget 2024 LIVE: Will FM Will Give Affordable Housing Initiatives? home buyers.” Budget 2024 Expectations Live Updates: Demand For Innovation In Renewable Technologies Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering, said; “As India’s energy demand rises, boosting the share of renewables is crucial for energy security and sustainability, the upcoming union budget is expected to focus on …

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, …

Budget 2024: Taxpayers, you can expect these 6 income tax benefits on July 23
5 months ago

Budget 2024: Taxpayers, you can expect these 6 income tax benefits on July 23

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget on July 23. Taxpayers are expecting a potential hike in standard deduction, relief in income tax rates and an increase in Section 80C exemptions in the Budget. Experts believe that adjustments to income tax slab rates could be seen in the Budget as the Finance Minister might announce tax …

Budget 2024: What income tax benefits can taxpayers expect on July 23?
5 months ago

Budget 2024: What income tax benefits can taxpayers expect on July 23?

India Today  

Taxpayers are eagerly waiting for July 23 when Finance Minister Nirmala Sitharaman will present the full budget for the ongoing financial year. Income tax exemption limit There is speculation that the government may raise the income tax exemption limit from Rs 3 lakh to Rs 5 lakh. If implemented, individuals earning up to Rs 8.5 lakh annually could potentially pay …

Budget 2024: This change to old income tax regime can provide relief to millions
5 months ago

Budget 2024: This change to old income tax regime can provide relief to millions

India Today  

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on July 23, and as usual, a key demand amongst citizens is for tax relief. While reports indicate that the government may introduce measures to enhance the appeal of the new income tax regime, taxpayers are also hoping for a revamp of the old regime, which offers the …

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 …

Union Budget 2024 Expectations LIVE: Will FM Sitharaman Announce Income Tax Relief?
5 months, 1 week 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 …

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 …

Budget 2024: Finance minister Nirmala Sitharaman to increase income tax exemption limit?
6 months 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: Finance Ministry invites industry views on tax rates, litigation laws
6 months, 1 week ago

Budget 2024: Finance Ministry invites industry views on tax rates, litigation laws

Hindustan Times  

The Finance Ministry has invited suggestions on direct and indirect taxes and changes in laws to reduce compliances for the 2024-25 Budget from trade and industry associations. The suggestions could include changes in the duty structure, rates and ideas on broadening of tax base on both direct and indirect taxes giving economic justification for the same, as per the ministry. …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

CBDT notifies new ITR forms for Assessment Year 2024-25. Which one is for you?
10 months, 2 weeks ago

CBDT notifies new ITR forms for Assessment Year 2024-25. Which one is for you?

Hindustan Times  

The Income Tax department has officially notified income tax return forms 2, 3, and 5 for the assessment year 2024-25. ‘Average processing time of ITR reduced in 10 years’: FM Sitharaman Union finance minister Nirmala Sitharaman, while presenting interim Union Budget, on Thursday lauded the ‘transformative shift in tax assessment methodologies over the past five years’. Budget 2024 Highlights: Rooftop …

No concessions for you and me but expectations remain high
10 months, 3 weeks ago

No concessions for you and me but expectations remain high

Live Mint  

The finance minister stuck to a 'vote on account' budget despite expectations of a populist budget in an election year. In the interim budget for 2024 presented on Thursday, the FM has proposed no change in tax rates for direct taxes and indirect taxes including import duties. In line with the government’s vision to improve ease of living and ease …

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 …

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. …

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
10 months, 3 weeks ago

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-2025 in the Lok Sabha on February 1. Highlighting the achievements of the Modi Government for the past 10 years, Ms. Sitharaman left the tax slabs unchanged and stuck to the convention of not making any major announcements while presenting the interim Budget. The Interim Budget 2024-25 will be a vote-on-account that …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

How much average processing time of ITR reduced in 10 years? Sitharaman reveals
10 months, 3 weeks ago

How much average processing time of ITR reduced in 10 years? Sitharaman reveals

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday underscored the government's steadfast commitment to enhancing taxpayer services as she highlighted a transformative shift in tax assessment methodologies over the past five years. Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, Thursday, Feb. 1, 2024. One of the standout achievements …

No changes in income tax rates, slabs, announces Nirmala Sitharaman
10 months, 3 weeks 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
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: Expectations of individual taxpayers
10 months, 3 weeks ago

Budget 2024: Expectations of individual taxpayers

Live Mint  

As is usual around this time of the year, the expectations of the taxpayers’ skyrocket for concessions in tax and other favourable changes in the income-tax law from the budget, and this year is no different, in fact, more so, as we are in an election year. In the 2019 interim budget, the government announced favourable tax proposals such as …

Budget 2024: 6 key changes taxpayers want from FM Sitharaman
10 months, 3 weeks ago

Budget 2024: 6 key changes taxpayers want from FM Sitharaman

India Today  

Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024-25 on February 1, covering the initial three months of the next fiscal year. While hopes for a new 25 per cent high-income tax slab are slim, expectations include increased basic exemption, standard deduction, and higher limits for 80C & 80D," Ravi said. NPS deduction under new tax regime …

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 …

Interim Budget 2024: Will new income tax regime get another makeover?
10 months, 3 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 …

Interim Budget 2024: Six key areas to look out for
10 months, 4 weeks ago

Interim Budget 2024: Six key areas to look out for

Live Mint  

Union Finance Minister Nirmala Sitharaman will present the interim Budget on February 1. Take a look at six key areas that could get the maximum weightage in the government's interim budget, 1) The government may make the National Pension System more attractive by extending tax concessions on contributions and withdrawals, especially for senior citizens above 75 years, PTI reported. 3) …

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 …

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report
11 months, 2 weeks 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 …

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 …

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