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Source: Live Mint The Narendra Modi government announced tax cuts for the middle class in today’s Union Budget, putting about $12 billion more in their pockets, to spur consumption spending. Indians with an annual income of up to ₹12 lakh will effectively be exempt from paying income tax now as Finance Minister (FM) Nirmala Sitharaman…
Source: Live Mint Budget 2025: Shares of Zomato and Swiggy increased by 9-10% following Finance Minister Nirmala Sitharaman’s declaration of an income tax exemption for individuals with an annual income of up to ₹12 lakh in the Union Budget 2025. Experts think this initiative may stimulate spending in light of indications of waning urban demand….
Source: Live Mint There is a spring in the step of Indian consumer-related companies after the budget 2025’s proposal to make income up to ₹12 lakh tax-free under the new tax regime. With more disposable income in the hands of millions of taxpayers, the expectation is that consumers would be encouraged to spend more on…
Source: Live Mint Budget 2025: Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. This has, undoubtedly, made the new tax regime even more attractive for the taxpayers. Does this mean that today’s Budget rang a death knell for the old tax regime? Let us understand…
Source: Live Mint The Union Budget provided a major relief to middle-class taxpayers as Finance Minister Nirmala Sitharaman raised the income tax exemption limit to ₹12 lakh. According to stock market analysts, this move could increase the disposable income in the hands of the middle class, which could flow into the stock markets, providing further…
Source: Live Mint The Indian banking and financial sector, though robust and well-capitalised, continues to face serious challenges linked to unsecured loans and global market volatility. These issues were already highlighted in the Economic Survey 2025. To combat these, Finance Minister Nirmala Sitharaman introduced several measures, including a credit guarantee cover for MSMEs. Also Read…
Source: Live Mint In case you forgot to report some income while filing tax returns anytime in the past four fiscal years, Budget 2025 has good news. The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only…
Source: Live Mint In addition to lowering income tax payable by individuals, Budget 2025 gave citizens relief by raising the threshold for tax deducted at source (TDS) and removing conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens as the paperwork they need to complete…
Source: Live Mint The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system, providing relief to the harried middle-class salaried taxpayer. But does this necessarily mean better savings for taxpayers? Or does it merely mark a shift away from traditional deductions, which the old…
Source: Live Mint Budget 2025-26 has placed emphasis on the backward integration of India’s electronic goods value chain and other capital-goods industries with a reduction in basic customs duty on components. Among the proposals are a reduction in the duty on open cells for television panels from 10%-15% to 5% and parts of open cells…
