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Union Budget 2025 Live Updates: Union Finance Minister Nirmala Sitharaman on Saturday presented the Budget for the third term of the Bharatiya Janata Party (BJP)-led government, providing significant tax relief to the salaried middle class that was struggling with high prices and stagnant wages. Making a slew of announcements, Ms Sitharaman said individuals having an…
Last Updated:February 01, 2025, 14:35 IST The Ministry for Youth Affairs and Sports has been allocated Rs 3,794.30 crore, an overall jump of Rs 351.98 crore. Sports Minister Mansukh Mandaviya (PTI) The government’s flagship Khelo India programme to scout and nurture athletes at the grassroots level was the biggest beneficiary as the allocation for sports…
There may be concessions for the middle class, which is pinning hope on a reduction in income tax rates, along with a hike in standard deduction. Under the old tax regime, the basic income exemption limit is set at Rs 2.50 lakh, while in the new tax regime, the limit is Rs 3 lakh. With…
New Delhi47 minutes ago copy link Finance Minister Nirmala Sitharaman on Tuesday set a record by presenting the budget for the seventh consecutive time. In her speech of 1 hour 23 minutes, she talked about focusing on education, employment, farmers, women and youth. For those who choose the new tax regime in the budget, income…
As soon as the budget was presented, reactions started coming in. Prime Minister Narendra Modi has described it as a budget that will take us on the path of prosperity. He said – 25 crore people have come out of poverty in the last 10 years. This is a budget that will give countless new…
New Delhi4 minutes ago copy link Budget 2024 in 24 points 1. Changes in the new tax regime, income up to Rs 7.75 lakh is tax free For those who choose the new tax regime, income up to Rs 7.75 lakh is now tax free. In the new tax regime, a standard deduction of Rs…