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1 February 2024, 11:34 AM
Budget Income Tax Announcements: 43 Crore Loan Sanctioned By PM Mudra Yojana
The Prime Minister's Mudra Yojana has approved 43 crore loans totaling Rs 22.5 lakh crore to support the entrepreneurial dreams of our youth. The youth are being aided by schemes such as Fund of Funds, Startup India, and Startup Credit Guarantee, said FM.
1 February 2024, 11:25 AM
Budget 2024 Income tax slabs LIVE: Government To Concentrate On The Welfare Of The Four Groups
Our top priority is to concentrate on the welfare of the poor, women, youth, and farmers/food data. The government is committed to support and empower these four groups as their well-being are crucial for the progress of the country, said FM.
1 February 2024, 10:26 AM
Income tax slabs LIVE: Encourage Startup Investments
Swati Saxena the founder and CEO of 4thoughtsfinance has urged the FM to encourage startup investments and make the sector more appealing.
“The re-investment from sale of startups is exempted from tax only for Rs 10 cr investment in real estate. However, there is need to encourage startup investments and make the sector more appealing. One way could be to enable re-investment in startups to get a boost through a tax exemption,” she said
1 February 2024, 10:00 AM
Union Budget On Share Market LIVE: Asian Shares
Stock markets in Asia-Pacific had mixed performances on Thursday. In Japan, the Nikkei index was down by 0.72 percent at 36,024.29 points, while in South Korea, the Kospi index increased by 1.12 percent, reaching 2,526.68 points.
At the same time, investors in India are eagerly waiting for the budget updates from Finance Minister Nirmala Sitharaman.
1 February 2024, 09:10 AM
Budget 2024 Income tax slabs LIVE: Salaried Class Expect Change In Tax Slab
There has been persistent demand from the people to reduce the tax rate keeping in mind the middle income class. The maximum rate of tax imposed in the new tax regime is 25%. The maximum rate under the old tax regime is 37%. It is being demanded that the relief available in tax slabs under the new tax regime should also be applicable to the old tax regime.
1 February 2024, 08:33 AM
Income Tax Slabs Budget 2024 LIVE: Increase Scope Of Old Tax Regime
Salaried class expects an increase in the scope of old tax regime. The last change under the old tax regime was made in 2019. Earlier, there was nill tax for income up to Rs 2.5 lakh. But in the 2019 budget, the government had given exemption from tax on income up to Rs 5 lakh. If someone's taxable income is more than Rs 5 lakh then he has to pay income tax. Under the old regime, tax exemption is available under different sections of income tax.
1 February 2024, 08:23 AM
Income Tax Slabs Budget 2024 LIVE: Increase Scope Of Old Tax Regime
Salaried class expects an increase in the scope of old tax regime. The last change under the old tax regime was made in 2019. Earlier, there was nill tax for income up to Rs 2.5 lakh. But in the 2019 budget, the government had given exemption from tax on income up to Rs 5 lakh. If someone's taxable income is more than Rs 5 lakh then he has to pay income tax. Under the old regime, tax exemption is available under different sections of income tax.
1 February 2024, 08:12 AM
Income Tax Slabs Budget 2024 LIVE: Hike Tax Slab To Rs 10 Lakh, Says Salaried Class
Salaried class employees hope that the government will increase the tax slab again. Unlike old tax regime, there is no provision for any tax saving the new tax regime. In such a situation, the limit of Rs 7 lakh should be increased to Rs 10 lakh, expects salaried class
1 February 2024, 08:12 AM
Budget Income Tax Announcements: Financial Inclusion Through Tax Benefits
Shikhar Aggarwal, Chairman of BLS E-Services said, "Acknowledging India's FinTech sector's current valuation at $245 billion and its projected sixfold growth to $1.5 trillion by 2030, we emphasize the potential impact of financial policies on fostering an inclusive and innovative financial ecosystem. Encouraging financial inclusion through tax benefits can fuel this innovation, curbing digital fraud and building a safer, more secure digital payment environment. We look forward to a budget that will be a game-changer in our quest for financial inclusion"
1 February 2024, 07:31 AM
Income Tax Slabs Budget 2024 LIVE: No Big-Bang Announcements Likely
Swati Saxena, Founder & CEO - 4thoughtsfinance, a wealth management firm said that no big-bang announcements are expected in the interim Budget, however some positive relief on personal income taxes is anticipated.
"We hope that the maximum tax rate of 30 per cent be reduced to improve the individual's buying power. The budget should offer a degree of personal tax relief, either by ways of lower tax rates or by readjusting tax slabs to put money in consumer's pockets," she said
