Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
Video Credit: Oneindia - Duration: 03:14s - Published
Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha.
The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹12 lakh.
These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.
MP Raghav Chadha countered finance minister Nirmala Sitharaman's claim on the new tax relief in the Union Budget, clarifying that it is a rebate, not an.. IndiaTimes
Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम टैक्स विधेयक (New Income Tax Bill) पेश करने की घोषणा की है. New Tax Regime के तहत 12 लाख तक की इनकम टैक्स फ्री कर दी गई है. क्या अब इसके बाद Old Tax Regime खत्म हो जाएगी?
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Finance Minister Nirmala Sitharaman presented the Union Budget 2025, packed with key highlights aimed at fostering economic growth and social welfare. The budget focuses on providing significant relief to the middle class, including income tax exemptions and increased deductions. A standout feature is the duty exemption on essential medicines, which will lower healthcare costs for citizens. The government also announced measures to boost infrastructure development, enhance digital connectivity, and promote green energy. The FM emphasized that this budget is designed to create a more inclusive, resilient, and self-reliant India, aligning with the vision of a "Viksit Bharat."
#Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister
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In a symbolic and auspicious gesture, President Droupadi Murmu offered ‘Dahi-Cheeni’ (curd and sugar) to Finance Minister Nirmala Sitharaman before she presented the Union Budget 2025. The tradition, considered a sign of good luck and success, underscores the cultural significance of the budget day. As Sitharaman prepared to unveil key economic policies, tax reforms, and welfare measures, this moment added a touch of tradition to the nation’s most anticipated financial event. Stay tuned for key budget announcements shaping India’s future!
#Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister
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Finance Minister Nirmala Sitharaman concluded the Union Budget 2025 speech with a major announcement on income tax relief, offering significant benefits to middle-class taxpayers. The budget places a strong emphasis on empowering youth through job creation, skill development, and entrepreneurship initiatives. Women’s welfare remains a key pillar, with increased allocations for financial inclusion, healthcare, and self-help groups under the ‘Nari Shakti’ initiative. With a balanced approach toward economic growth and social welfare, the budget aims to boost prosperity while ensuring inclusive development.
#Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister
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Congress leader Rahul Gandhi urged party workers to strengthen the organisation and begin preparations for the 2027 Uttar Pradesh assembly elections. The Leader.. DNA
Lok Sabha Speaker Om Birla formed a 31-member committee led by BJP's Baijayant Panda to review the Income Tax Bill. The panel includes Nishikant Dubey, Anil.. IndiaTimes
During Kumar's tenure, he oversaw several major elections, including the Lok Sabha election in April-June last year and Jammu and Kashmir's first Assembly.. DNA
In Kerala, young electors aged 18-29 years comprise just over 18% of the total electorate for the 2024 Lok Sabha polls, the lowest among all states/UTs. The.. IndiaTimes
Prime Minister Narendra Modi took a veiled dig at former PM Rajiv Gandhi during his address in Lok Sabha, referencing past governance failures. He highlighted corruption scandals and inefficiencies, subtly pointing to the controversial Bofors case. Modi’s remarks were part of his broader attack on the Congress legacy while responding to the motion of thanks on the President’s address. His statement has triggered a political debate, with BJP leaders backing his stance and Congress leaders fiercely defending Rajiv Gandhi’s tenure. The political battle over history continues in Parliament.
#PMModi #RajivGandhi #LokSabha #ParliamentDebate #BJP #Congress #PoliticalClash #ModiSpeech #IndiaPolitics #BoforsScandal #Corruption #CongressVsBJP #NarendraModi #ParliamentAttack #IndianHistory #RajivLegacy #ModiVsCongress #PoliticalWar #BJPvsCongress #LokSabhaDebate
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