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Articles for Indexation, search results for inflation

Indexation Benefit Under Unified Pension Scheme: How Will It Impact Central Govt Employees' Pension?
3 months, 4 weeks ago

Indexation Benefit Under Unified Pension Scheme: How Will It Impact Central Govt Employees' Pension?

News 18  

UPS Indexation Benefit: As the Union Cabinet, headed by Prime Minister Narendra Modi, has approved the Unified Pension Scheme assuring a fixed pension to central government employees, the latest pension scheme has a provision of indexation benefits. The indexation benefit will keep increasing the pension amount of the government employees as per the inflation rate. Check the calculation: “Inflation indexation …

Inflation Pension Scheme Benefit Ups Assured Unified Pension Scheme
Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024
4 months, 2 weeks ago

Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024

India TV News  

Parliament Session: The Lok Sabha today passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, who in her Budget for 2024-25 proposed …

Real Estate Parliament Bill Indexation Indexation Benefit Tax Rate Passes Finance
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
4 months, 2 weeks ago

Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

New Indian Express  

NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill 2024, after the government relaxed the just-introduced new capital gains tax on real estate, giving taxpayers the option to switch to a new lower tax rate or stay with the old regime that had a higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, in her Budget for 2024–25, …

Real Estate Tax Sitharaman Bill Benefit Gst Indexation
Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy
4 months, 4 weeks ago

Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy

Hindustan Times  

New Delhi, Jul 24 Revenue Secretary Sanjay Malhotra has said that the changes in Long-Term Capital Gain Tax announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The Budget has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. This will …

Real Estate Tax Budget Benefit Gain Ltcg Indexation
Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months ago

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} While the short-term capital gains tax has been increased from 15 per cent to 20 per cent, LTCG will be flat at 12.5 per cent. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} On the positive side, for the benefit of the lower …

Tax Budget Capital Gains Tax Capital Capital Gains Pti Sitharaman
Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months ago

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. On the positive side, for the benefit of the lower and middle-income classes, Nirmala Sitharaman proposed to increase the limit of exemption of capital gains on certain listed financial assets from ₹1 lakh to ₹1.25 lakh per year. "Unlisted bonds and debentures, debt …

Tax Budget Capital Gains Tax Capital Capital Gains Pti Sitharaman
Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%
5 months ago

Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%

Live Mint  

Before Budget 2024, property sales were subject to a 20% LTCG tax rate with indexation benefit, which adjusted the purchase price for inflation, thereby reducing the taxable capital gain. According to the Budget documents, the new tax rate for long-term capital gains on property sales will be 12.5% without indexation benefit. The LTCG tax liability under both the old and …

Tax Property Budget Capital Price Sales Rules
HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out'
7 months, 2 weeks ago

HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out'

ABC  

In short : Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages. Loan indexation will now match whichever is lower out of the Consumer Price Index or the Wage Price Index — which the government says will prevent another shock increase like last year's 7.1 per cent …

Students Budget Student Loans Debt Last Year Student Debt
HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year
8 months ago

HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year

ABC  

Editor’s note: After this story was published, the federal government proposed to change the HECS-HELP indexation rate to match whichever is lower out of the Consumer Price Index or the Wage Price Index. The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year. It might …

Student Help Cent Rate Increase Rogers Hecs
HECS debt expected to grow more than 4pc as high indexation continues
8 months ago

HECS debt expected to grow more than 4pc as high indexation continues

ABC  

In short: HECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade. Last year, when HECS debts increased by a record high of 7.1 per cent, her debt grew by more than $3,600. ABC News can reveal HECS debts are forecast to rise between 4.2 and 4.8 per cent this …

Pay Cent Rise Greens Per Cent Jolliffe Hecs Debts
Student debt indexation to have lifelong impacts on Australians' borrowing capacity
1 year, 6 months ago

Student debt indexation to have lifelong impacts on Australians' borrowing capacity

ABC  

More than 3 million Australians will see their student debt rise in line with inflation tomorrow, adding more than $1,000 to the average loan and sparking warnings of a lifelong impact on borrowing capacity. Key points: The average $25,000 HECS-HELP debt will rise by $1,775 because of indexation There is more than $74.3 billion in outstanding HECS-HELP debt Debts affect …

Education Student Debt Pay Cent Australians Student Debt
As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts
1 year, 7 months ago

As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts

ABC  

Time is running out for 3 million Australian university graduates to slash their student debts before the federal government's multi-billion-dollar indexing bonanza, the National Union of Students says. While HECS/HELP is essentially an "interest-free" loan, the union said the high inflation environment has caused indexation to spike to one of the highest levels in decades and it has shocked students …

Students University Student Debt Newman Paying Supplied
Freezing HECS-HELP indexation won't put more money in your pocket in the short term
1 year, 8 months ago

Freezing HECS-HELP indexation won't put more money in your pocket in the short term

ABC  

The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt. Key points: Abolishing indexation on HECS-HELP debts would not put more money in the pockets of people with student debt Removing indexation altogether would mean all taxpayers bore the cost of inflation Making university degrees free would reduce …

University Money Debt Pay Income Help Professor
Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled
1 year, 8 months ago

Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled

ABC  

A senate inquiry report into a bill that would freeze $74 billion in student debt is set to be tabled in federal parliament next week. Key points: The Greens are also pushing for a rise in the minimum repayment threshold Two thirds of submissions received by the senate were from students struggling to repay debt The government says there are …

Students Suicide Student Loans Debt Loan Senate
Growing calls for student HECS-HELP loan indexation to be abolished as inflation sends debts soaring
1 year, 8 months ago

Growing calls for student HECS-HELP loan indexation to be abolished as inflation sends debts soaring

ABC  

Brisbane wealth adviser Alanna Fraser has been battling to pay off a university student debt of $102,000. Key points: The National Union of Students says the federal government is profiting from student loans Annual indexation is causing loan amounts to rise sharply due to high inflation Treasurer Jim Chalmers says the system is fair She's just 26 and fears the …

Students Inflation Student Debt Pay Loan Cent
Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. Is that correct?
2 years, 2 months ago

Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. Is that correct?

ABC  

The claim As the cost of living soars, Australians receiving some welfare payments have seen some relief with the bi-annual indexation of payments — applied on September 20 — leading to an increase in the pension, JobSeeker and a number of other allowances. In making his claim, Senator Watt referred to September's bi-annual adjustment of welfare payments as "the biggest …

Fact Check Labor Welfare Library Payments Pension Social Services
Benefits of indexation: How it helps you save tax?
2 years, 3 months ago

Benefits of indexation: How it helps you save tax?

Live Mint  

All of us are aware with the concept of inflation and its effects. The gains from the sale of assets, including immovable property/real estate, jewelry, bonds, and non-equity mutual funds, among many others, are subject to capital gains tax. Applicable to long-term assets like real estate and debt funds, it aids in adjusting the asset's acquisition cost for inflation. When …

Tax Cost Cii Purchase Price Inflation Indexation