Budget 2025: Higher deductions, lower tax outgo – taxpayers, experts expect revised tax slabs, tax relief

Budget 2025: Higher deductions, lower tax outgo – taxpayers, experts expect revised tax slabs, tax relief

Budget expectations: Finance Minister Nirmala Sitharaman is set to unveil the Union Budget on February 1, 2025, a highly anticipated event for taxpayers nationwide. The segment on income tax is of particular interest, as individuals eagerly await any potential changes that could offer relief. Speculation for this year’s budget centers around possible modifications to tax … Read more

NPS Vatsalya vs mutual funds: Can long lock-in period in schemes be a deterrent for investment?

NPS Vatsalya vs mutual funds: Can long lock-in period in schemes be a deterrent for investment?

NPS Vatsalya vs mutual funds: The NPS Vatsalya scheme was floated earlier this week, which is one-of-a-kind scheme where parents can start saving for their minor children much before they enter into their adult life. The NPS Vatsalya is a long-term pension scheme proposed during the full Union Budget 2024, following the third-term victory of the … Read more

Google tax mop-up reaches Rs 2,600 cr since India began levying equalisation tax in 2016

Google tax mop-up reaches Rs 2,600 cr since India began levying equalisation tax in 2016

With Rs 2,600 cr in its kitty over four years, Modi govt now wants to expand the scope of Google TaxThe collections have increased from Rs 338 crore in 2016-17, the first year since the so-called Google tax of 6% was introduced, to Rs 589 crore the following year, government data showed. In 2018-19, the … Read more