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5 months ago

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

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 …

Tax Income Lakh Regime Read Nirmala Sitharaman Union Budget

5 months ago

Union Budget 2024: Should you pick new tax regime? How can you save Rs 17,500 in income tax every year?

Firstpost

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced a revision of tax slabs under the new regime. The lowest slab in the new tax regime increased to Rs 3 lakh from Rs 2.5 lakh. The tax structure is proposed to be revised as follows: No tax for those earning up to Rs 3 lakh 5 per cent tax …

Budget Union Income 2024 Pti Old Lakh

5 months ago

Old vs proposed income tax slabs under new regime. What has changed?

Hindustan Times

Union finance minister Nirmala Sitharaman on Tuesday proposed a new tax structure under the new regime. Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty The new tax slabs under the new income tax regime will be effective from April 1, 2024.. Proposed Tax Structure: Income up to ₹ 3,00,000: Nil 3,00,000: Nil ₹ …

Structure Tax Income Tax Income Lakh Regime Proposed

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 …

Finance Tax Income Tax Income Lakh Regime Sitharaman

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 …

Finance Budget Income Tax Sitharaman Lakhs Tax Slabs Lakh Remains

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% …

Tax Budget Income Tax Changes Union Income 2024

5 months, 2 weeks ago

Union Budget 2024: Will Nirmala Sitharaman bring income tax relief for middle class?

Hindustan Times

With the Union Budget 2024 scheduled to be presented on July 23, 2024 by Finance Minister Nirmala Sitharaman, income tax slabs are an important component that has been getting a lot of attention lately, with reports suggesting there may be potential tax cuts for boosting consumption in the economy. The current slabs for the new tax regime are as follows: …

Finance Tax Budget Age Income Tax Union Income

5 months, 2 weeks ago

Your Union Budget 2024 cheatsheet: Direct, indirect taxes and what you must look for

Hindustan Times

What are direct taxes? The slabs for the new tax regime are as follows: Up to ₹3 lakh: NIL ₹3-6 lakh: 5% on income which exceeds ₹3 lakh ₹6-9 lakh: ₹15,000 + 10% on income more than ₹6 lakh ₹9-12 lakh: ₹45,000 + 15% on income more than ₹9 lakh ₹12-15 lakh: ₹90,000 + 20% on income more than ₹12 …

Income Tax Union Direct Taxes Direct Lakh Gst Budget 2024

10 months, 3 weeks ago

Budget 2024: Old vs new tax regime, which is better for salaried employees?

Hindustan Times

The new tax regime was introduced in Union Budget 2020 under which the tax slabs were altered and taxpayers were offered concessional tax rates. In Union Budget 2023, the government introduced crucial changes to encourage taxpayers to adopt the new tax regime. This implies that taxpayers with income up to ₹7 lakhs will not have to pay any tax at …

Tax Income Old Regime New Tax Regime

1 year, 3 months ago

Laying of bullet train track system begins in Surat

The Hindu

Construction of the first reinforced concrete track bed for the Mumbai-Ahmedabad bullet train project started in Surat on August 31, Union Railway Minister Ashwini Vaishnaw said. The National High Speed Rail Corridor Limited track system is the same as that of the Japanese Shinkansen bullet train. The bullet train track rests on RC anchors suitable for running trains at a …

Train Track Slab

1 year, 10 months ago

Explained: How Union Budget has given India’s middle class much to rejoice

Firstpost

‘Amrit Kaal’s first Budget’ has brought the much-awaited income tax reliefs for the country’s salaried middle class. In a much-awaited respite, the government increased the income tax rebate limit from Rs 5 lakh to Rs 7 lakh in the new tax regime. Here are the new tax rates under the new tax regime: For Rs 0-3 lakh income – nil …

India Tax Budget Congress Income Middle Class Middle

1 year, 10 months ago

Budget 2023: New tax regime to be default; who will benefit from it?

Hindustan Times

Union Finance Minister Nirmala Sitharaman announced that the new tax regime will become the default tax regime, while the old will remain an option. Tabling the budget in parliament on Wednesday, Sitharaman also revised the income tax rebate limit under the new tax regime from ₹5 lakh to ₹7 lakh. New tax regime Old tax regime ₹ 0-3 lakh - …

Budget Income Lakh Regime Sitharaman New Tax Regime Tax Slabs

1 year, 10 months ago

Budget 2023 Memes LIVE Updates: Cigarettes are Expensive for Health; New Tax Slabs Rejoiced With Memes

News 18

Budget 2023 Memes LIVE: From cigarettes getting more expensive to relief for middle-class with new personal Income Tax slabs, FM Nirmala Sitharaman’s Union Budget 2023-24 speech in Parliament inspired plenty of memes and reactions on social media. Oh wait, you are here for the memes and jokes on the Budget 2023 and income tax, right? FOLLOW BUDGET LIVE UPDATES HERE …

Tax Budget 2023 Memes Nirmala Sitharaman

1 year, 10 months ago

What Budget document tells us about new Income Tax slab

Hindustan Times

Finance minister Nirmala Sitharaman on Wednesday made as many as five announcements related to personal income tax, as she presented Union Budget for the financial year 2023-24. Changes have been made only to the new tax regime, while the old one has been left untouched One of the announcements made by Sitharaman on personal income tax – there was none …

Budget Income Tax Regime Sitharaman Slab Personal Income Tax Personal Income

1 year, 10 months ago

No income-tax upto Rs 7 lakh in new tax regime

Deccan Chronicle

Mumbai: In a bid to encourage individuals to move towards the new personal income- tax regime, the Centre increased the rebate limit, revamped the personal income slabs and reduced the tax rates thereby bringing down the tax outgo for the middle class. The minister announced an increase in rebate limit from Rs 5 lakh to Rs 7 lakh per annum …

Income Tax Pay Cent Lakh Regime 20 Per Cent Limit

1 year, 10 months ago

Union Budget 2023 : FM Announces New Income Tax Rates; Slabs Reduced To 5, Exemption Raised To Rs 3 Lakhs In New Regime

Live Law

In her Budget 2023-24 speech, Union Finance Minister Nirmala Sitharaman has announced that the increase in the income tax rebate limit from Rs. 7 Lakhs in the new tax regime.For the middle class person, the proposal under the new income tax regime has been a huge relief. For the middle class person, the proposal under the new income tax regime …

Income Tax Income Regime Lakhs Rs 7 Lakh Tax Pay Slabs Reduced

1 year, 10 months ago

Budget 2023: No income tax up to ₹7 lakh, revised tax slabs for new regime

Hindustan Times

There will be no income tax up to ₹7 lakh in the new tax regime, announced Union finance minister Nirmala Sitharaman in the Union Budget 2023 on Wednesday. “The government proposes to increase income tax rebate limit from ₹5 lakh to ₹7 lakh in the new tax regime,” said Sitharaman. Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 …

Finance Tax Budget Income Pti Lakh Regime

1 year, 10 months ago

Income Tax Slabs: Tax Rates Under Old And New Regime Ahead of Union Budget 2023

News 18

Budget 2023: One of the key demands from the Union Budget has been to change the existing personal income tax structure in order to provide relief to a large section of people, especially the salaried and middle class. Income Tax LIVE Updates: ‘Attractive Makeover’ of New Tax Regime with Slab Change in Budget 2023 Income Tax Slabs: Budget 2023 will …

Tax Budget Income Tax Income Old Rates Lakh

1 year, 10 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 Income Tax Lakh 2023 Speech Memes Finance

2 years, 10 months ago

Union Budget 2022 | Income tax slabs unchanged, tax payers can file returns in two years

The Hindu

The Union Budget 2022-23 has kept income tax slabs unchanged while allowing tax payers two years to file their returns. Union Finance Minister Nirmala Sitharaman on Tuesday while presenting budget proposals said the government’s objective was to further simplify the tax system, promote voluntary compliance by taxpayers, and reduce litigation. To establish a globally competitive business environment for certain domestic …

Tax Budget Duty Two Years Return Proposed Customs Duty

2 years, 10 months ago

Budget 2022 Highlights: No change in Income Tax Slabs, New Crypto Tax, 5G, Infra Push

News 18

Union finance minister Nirmala Sitharaman presented the Union Budget 2022 today. FY23 effective capex seen at Rs 10.7 lakh crore India’s growth highest among all major economies; we are now in a strong position to withstand challenges The goal is complementing macro-growth with micro-all-inclusive welfare, digital economy and fintech, tech-enabled development, energy transition and climate action ECLGS cover expanded by …

Budget Digital Income Climate Action Energy Transition Crore Cent

2 years, 10 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 …

Tax Budget Income Tax Income Lakh Sitharaman Total

2 years, 10 months ago

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs

News 18

Income Tax Slabs, Budget 2022 LIVE Updates: Salaried middle class wants finance minister Nirmala Sitharaman to announce some populist measures in Union Budget 2022.?New provision Permitting tax payers to file an updated return on payment of additional tax, permitted up to two years,? The middle class taxpayers also expect an increase in Section 80C deduction under the Income Tax Act, …

Tax Income Expect Finance Minister Budget Live

2 years, 10 months ago

Budget 2022: Consumer Durables Makers Want FM Sitharaman to Reconsider Tax Slabs

News 18

The economic impact of the Covid-19 pandemic in India has been largely disruptive. Here are a few key things that the consumer durables industry will expect finance minister Nirmala Sitharaman to address as she presents the Union Budget 2022. Reconsider tax slabs for certain categories to help address price hike issues The rationalisation of GST would play another crucial point …

Consumer Pli Gst Consumer Durables India Products

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Articles for Slabs, search results for union

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

Union Budget 2024: Should you pick new tax regime? How can you save Rs 17,500 in income tax every year?

Old vs proposed income tax slabs under new regime. What has changed?

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

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

Union Budget 2024: 6 new changes to income tax that the new budget may bring

Union Budget 2024: Will Nirmala Sitharaman bring income tax relief for middle class?

Your Union Budget 2024 cheatsheet: Direct, indirect taxes and what you must look for

Budget 2024: Old vs new tax regime, which is better for salaried employees?

Laying of bullet train track system begins in Surat

Explained: How Union Budget has given India’s middle class much to rejoice

Budget 2023: New tax regime to be default; who will benefit from it?

Budget 2023 Memes LIVE Updates: Cigarettes are Expensive for Health; New Tax Slabs Rejoiced With Memes

What Budget document tells us about new Income Tax slab

No income-tax upto Rs 7 lakh in new tax regime

Union Budget 2023 : FM Announces New Income Tax Rates; Slabs Reduced To 5, Exemption Raised To Rs 3 Lakhs In New Regime

Budget 2023: No income tax up to ₹7 lakh, revised tax slabs for new regime

Income Tax Slabs: Tax Rates Under Old And New Regime Ahead of Union Budget 2023

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

Union Budget 2022 | Income tax slabs unchanged, tax payers can file returns in two years

Budget 2022 Highlights: No change in Income Tax Slabs, New Crypto Tax, 5G, Infra Push

Budget 2022: No change in income tax slabs announced

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs

Budget 2022: Consumer Durables Makers Want FM Sitharaman to Reconsider Tax Slabs