New Delhi: The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption. Currently, under the system introduced in 2020, annual income of up to Rs 15 lakh is taxed at a rate between 5 per 20 per cent, while income of more than Rs 15 lakh … Read more
New Delhi: The highlight of Finance Minister Nirmala Sitharaman’s eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. NDTV answers taxpayers’ big Budget questions
New Delhi: Bihar got a “bonanza” but Andhra Pradesh has been “cruelly ignored” in the Union Budget 2025, Congress spokesperson Jairam Ramesh said Saturday afternoon, shortly after Finance Minister Nirmala Sitharaman’s 77-minute budget speech. In a jab at the BJP-led National Democratic Alliance – of which Bihar’s ruling Janata Dal (United) and the Telugu Desam … Read more
New Delhi: Ahead of the Bihar Assembly polls later this year, the Centre has announced big offerings for the politically significant state where it shares power with its key ally, Nitish Kumar’s JDU. The offerings for Bihar must be seen against the backdrop of JDU’s critical support to the BJP after the latter fell short of … Read more
New Delhi: Union Finance Minister Nirmala Sitharaman is known for making statements with her sarees on Budget Day. Every year, she wears a saree that represents India’s rich textile heritage and traditional craftsmanship. This year was no different. This year, Ms Sitharaman chose an off-white coloured handloom silk saree with fish-themed embroidery and a golden … Read more
Budget 2025: The Union Budget is a crucial document that lays the roadmap for the economy and its various sectors for the upcoming fiscal year. As Finance Minister Nirmala Sitharaman will present the Budget 2025 on Saturday at 11 am, experts anticipate that the government will focus on AI-driven initiatives. They suggest that Budget 2025 … Read more
Drafting the Union Budget is an extensive and collaborative process. As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Budget on February 1, the stakes are high. With a projected 6.4 per cent growth rate and persistent inflation concerns, the 2025-26 Budget will need to balance economic progress with fiscal stability. Ms Sitharaman … Read more