Finance Minister Nirmala Sitharaman presented Narendra Modi government’s last full Budget announcing a host of concessions for the middle class as expected. The six key announcements pertaining to personal income tax in the Budget are: Individuals earning up to Rs 7 lakh per annum will not have to pay any tax, under the new tax regime. Old tax regime still …
The Narendra Modi Sarkar on Wednesday set the tone for the 2024 Lok Sabha elections as it gave the salaried class reason to cheer by announcing Income Tax relief — with the disclaimer that it was only applicable for those who had opted for the new tax regime. For the “hard-working middle class”, Finance Minister Nirmala Sitharaman announced rebate, saying: …
Budget 2022 expectations: After Economic Survey painting India in an optimistic light with good macro-stability indicators, earning individuals and taxpayers are expecting some relief form Nirmala Sitharaman when she presents her fourth general budget today. From raise in annual limit of Section 80C of the Income Tax Act to PPF deposit limit, taxpayers are expecting some relief in income tax …
