In the first budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman announced significant changes to income tax slabs and standard deductions aimed at providing relief to taxpayers. The revised tax structure and deductions are expected to result in substantial savings for individuals, particularly benefiting the middle class. Revised Income Tax Slabs The new…
In a historic moment, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, marking her seventh consecutive Budget speech. This achievement makes her the first finance minister to surpass former Prime Minister Morarji Desai’s record of six consecutive budgets as finance minister between 1959-64. Key Announcements: Tax Reforms:Sitharaman introduced increased standard deductions and revised tax…
The upcoming Monsoon Session of Parliament, starting next week, will see the introduction of six new bills. The list of bills was published in the Parliament bulletin issued by the Lok Sabha secretariat on Thursday evening. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on Tuesday, July 23. This session is crucial…
