Budget expectations: On February 1, 2025, Union Budget will be presented by Finance Minister Nirmala Sitharaman at the Lok Sabha. Income taxpayers are expecting significant tax breaks. The taxpayers may expect some big changes as PM Narendra Modi and President Draupadi Murmu hinted at some major shakeup. Ahead of the Budget 2025, President Draupadi Murmu suggested … Read more
The NDA government has earned Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, which is about 15 per cent growth over the last year, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha on Tuesday. Chaudhury also shared collections from Long Term Capital Gains (LTCG) tax between fiscal … Read more
Ahead of the Budget 2024-25, almost 48% households across the country have said that they are increasingly facing a decline in earnings and savings. The households said that they have been facing rising costs related to food, school education, rent, transportation, cost of electricity, etc., the basic expenses incurred by a middle-class family. The big … Read more
Budget 2024: There have been speculations ahead of the Union Budget 2024 that there could be potential modifications to the income tax slabs. These anticipated adjustments are predicted to be advantageous for individual taxpayers, leading to a higher disposable income. Any additional tax exemptions introduced in the upcoming budget could promptly benefit employees. Individuals receiving … Read more
Union Budget: Union Finance Minister Nirmala Sitharaman will be reading out her full Budget statement for the FY2024-25 on July 23. Every section, including corporate entities and individual taxpayers, is eagerly awaiting potential announcements that have the potential to significantly impact their financial situations. Senior citizens especially have been waiting for some tax relief. According … Read more
Budget 2024: Finance Minister Nirmala Sitharaman will be presenting the Union Budget for 2024-25 later this month. Since the beginning of this year, taxpayers have been expecting some relief and concession on the tax front. But were disappointed in the Interim Budget as the finance minister proposed to retain the same tax rates for both … Read more
Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more
National Pension System 2024: The Centre may extend the benefits of the National Pension System (NPS) to the new tax regime, a report said on Wednesday. It is to be noted that the New Tax Regime doesn’t have most tax exemptions valid under the Old Tax Regime. CNBC Awaaz reported that the government may make … Read more