Tax Benefits Budget
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No Government Has Given Such Tax Relief To Middle Class So Far: Amitabh Kant To NDTV
The income tax benefit announced for the middle class in the Union Budget 2025-26 on Saturday is the biggest relief provided by any government for the concerned economic strata so far, former NITI Aayog CEO Amitabh Kant has said.
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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
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Budget 2024: Big Push For Jobs, New Tax Regime Benefits, Reward For Allies
The first budget of Modi 3.0 has rewarded key NDA allies, relieved taxpayers under the new regime and focused on creating job opportunities for youngsters.
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Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
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Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
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Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
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Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
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New Tax Regime To Benefit Middle Class, Says Finance Minister
Finance Minister Nirmala Sitharaman today said the new tax regime will benefit the middle class, as it will leave more money in their hands.
-
New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
The new income tax regime has been made the default tax regime. However, the citizens will continue to have the option to avail the benefit of the old tax regime.
-
Explained: The Benefits Of Selecting The New Tax Regime
There is a rebate that is available under Section 87A of the Income Tax Act. This reduces the tax that you have to pay if the taxable income is below a certain limit.
-
No Government Has Given Such Tax Relief To Middle Class So Far: Amitabh Kant To NDTV
The income tax benefit announced for the middle class in the Union Budget 2025-26 on Saturday is the biggest relief provided by any government for the concerned economic strata so far, former NITI Aayog CEO Amitabh Kant has said.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
-
Budget 2024: Big Push For Jobs, New Tax Regime Benefits, Reward For Allies
The first budget of Modi 3.0 has rewarded key NDA allies, relieved taxpayers under the new regime and focused on creating job opportunities for youngsters.
-
Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
-
Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
-
Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
-
New Tax Regime To Benefit Middle Class, Says Finance Minister
Finance Minister Nirmala Sitharaman today said the new tax regime will benefit the middle class, as it will leave more money in their hands.
-
New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
The new income tax regime has been made the default tax regime. However, the citizens will continue to have the option to avail the benefit of the old tax regime.
-
Explained: The Benefits Of Selecting The New Tax Regime
There is a rebate that is available under Section 87A of the Income Tax Act. This reduces the tax that you have to pay if the taxable income is below a certain limit.
