Last Updated:February 01, 2025, 13:47 IST Income Tax Budget 2025: With the new tweaks being introduced, a taxpayer in the new regime with an income of ₹12 lakh will get a benefit of ₹80,000 in tax New Tax Regime: Those earning up to Rs 13 lakh will now be able to save income tax over…
New Delhi: Congress MP Shashi Tharoor, terming the Union Budget 2025 as “underwhelming”, said that it only targeted the voters of Delhi and Bihar. “If you’re a Delhi voter or a Bihar voter and you’re earning a fixed middle class salary, you may have reasons to cheer. But if you’re not, then I’m afraid there’s…
Following are reactions from industry executives and economists: DEEPASHREE SHETTY, PARTNER, GLOBAL EMPLOYER SERVICES, TAX & REGULATORY SERVICES, BDO INDIA “The proposal to exempt income up to 1.2 million rupees ($13,867.06) is a big boost to the middle-class taxpayers. This is in line with the recent measures to make the new tax regime a preferred…
Income tax Budget 2025 LIVE: In her budget statement, Finance Minister Nirmala Sitharaman declared that under the new tax system, those earning up to ₹12 lakh would not be obliged to pay taxes. For incomes up to ₹12 lakh ( ₹12.75 lakh for salaried taxpayers with a basic deduction of ₹75,000), the new tax regime…
Budget 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has began her eighth consecutive Union Budget 2025 presentation in the Lok Sabha at 11 am. Earlier in the day, Sitharaman visited President Droupadi Murmu for her nod on the Budget. The Union cabinet approved the Budget ahead of the speech in Parliament at 11 am…
An large-scale fire broke out in the Ghaziabad district of Uttar Pradesh in a truck carrying gas cylinders that causes a series of blasts, reported ANI. A truck carrying gas cylinders exploded in Ghaziabad(ANI) The incident took place at Bhopura Chowk on Delhi-Wazirabad Road in the Thana Teela Mod area. Councillor Om Pal Bhatti told…
Feb 01, 2025 03:40 AM IST PM Narendra Modi evoked the Hindu goddess of wealth and said he was praying that Lakshmi be especially generous towards the poor and the middle classes Prime Minister Narendra Modi on Friday hinted at the possibility of a generous Budget for the poor and middle classes. Evoking the Hindu…
Last Updated:January 31, 2025, 14:38 IST Sonia Gandhi called President Droupadi Murmu a “poor thing” while commenting on her address to the Parliament. PM Modi and Sonia Gandhi Prime Minister Narendra Modi praised President Droupadi Murmu’s address to the Parliament after a controversy erupted in the Budget Session over Congress MP Sonia Gandhi’s remarks. Sonia…
Seven Aam Aadmi Party (AAP) MLAs resigned from the party on Friday after being “denied tickets” for the upcoming Delhi assembly elections, saying they had “lost faith in the party and its supremo Arvind Kejriwal.” Aam Aadmi Party National Convener Arvind Kejriwal (Hindustan Times) The MLAs who resigned include Rohit Mehraulia from Trilokpuri, Madan Lal…
Budget Economic Survey 2025 LIVE: Union Finance Minister Nirmala Sitharaman tabled the Economic Survey document in Lok Sabha in Parliament on Friday, January 31. India’s FY26 GDP growth is expected in the range of 6.3-6.8 per cent amid global uncertainty. The survey expects inflation to be under control while consumption could remain stable. It also…
