As the Income Tax filing deadline approaches on July 31, 2024, it’s crucial for taxpayers to understand the intricacies of ITR filing, including income tax slab rates and deductions under both old and new tax regimes. With the right knowledge, you can optimise your tax returns and ensure compliance with the latest regulations. This comprehensive …
Interim Union Budget for 2024-25 The Interim Union Budget for 2024-25, presented on February 1, 2024, by Finance Minister Nirmala Sitharaman, allocated a record Rs 6.21 lakh crore to the Ministry of Defence. This figure represents a 4.72% increase over the previous fiscal year, showcasing the government’s commitment to strengthening India’s defence capabilities. As we …
Finance Minister Nirmala Sitharaman is gearing up for crucial pre-budget deliberations as she prepares to present the Union Budget 2024-25 by the end of July. Scheduled for June 20, 2024, the pre-budget meetings will see participation from prominent industry bodies and state finance ministers. These consultations are pivotal in shaping the economic agenda for the …
The Union Budget 2024, slated for presentation by Finance Minister Nirmala Sitharaman on February 1, is generating anticipation as a growth-oriented and reform-driven budget. The budget is likely to bring forth significant announcements and incentives, especially for pivotal sectors such as infrastructure, defence, and energy. Sector Stock Name CMP (Rs) Market Cap (Rs Cr) 1Y …
Rural Consumption… How can a budget give a big boost to urban and rural consumption across the economy? The focus, obviously, needs to be on putting more money into the hands of people with the maximum propensity to consume. The budget comes under a specific economic backdrop. Firstly, the demonetization drive had caused a lot …
India’s economic development is deeply intertwined with its vital infrastructure and dynamic real estate industry. The real estate sector contributed 7.3% to the GDP in 2022 and is predicted to grow to a $5.8 trillion industry by 2047, making up 15.5% of the GDP. Research from the Reserve Bank of India suggests a high return …
During the introduction of the Union Budget 2022-23 on Tuesday, Finance Minister Nirmala Sitharaman told Parliament that the Center’s Production Linked Incentive (PLI) Scheme has the potential to generate 60 lakh new employment over the next five years. “The PLI Scheme for obtaining Atma Nirbhar Bharat has had a great response, with the potential to …
As Finance Minister Nirmala Sitharaman prepares to unveil the Union Budget 2022 on February 1, the salaried class is hoping for a rise in the income tax threshold, which has not been raised in many years. To help taxpayers, the government should enact legislation that expands the ELSS category savings to include fixed incomes rather …
Budget 2024-2025 In the recent Interim Budget announcements, significant financial highlights include the launch of solar power schemes, providing potential annual savings of Rs 15,000-18,000 per household with rooftop solar panels. The government aims to enable 1 crore households to receive 300 units per month for free. In the housing sector, the PM Awas Yojana …
The Indian government’s Interim Budget 2024, presented on February 1, 2024, brought good news for the agriculture sector. Finance Minister Nirmala Sitharaman announced several initiatives aimed at boosting farmers’ income, promoting value addition, and enhancing overall growth. Here’s a breakdown of the key announcements: Doubling Down on Success Pradhan Mantri Kisan Sampada Yojana (PMKSY) This …
