Income Tax Slabs and Rates, Budget 2025 Live Updates: Will middle class get tax relief from FM Sitharaman in Union Budget today?

2 hours ago 1

income taxation nirmala sitharaman, economical survey, taxation connected ultra processed foods, Income Tax Slabs, Rates for FY 2025-26 Live: Union Finance Minister Nirmala Sitharaman to contiguous the Union Budget 2025 successful Parliament today. (PTI)

Budget 2025 Income Tax Slab Rates Changes Expectations: Finance Minister Nirmala Sitharaman volition connected Saturday contiguous the Union Budget 2025-26 successful Parliament. This volition beryllium FM Sitharaman’s eighth consecutive Budget presumption and is acceptable to instrumentality spot astatine 11 americium today. Ahead of Budget session, galore are expecting important changes successful the taxation slabs nether the caller taxation regime, arsenic good arsenic a hike successful modular deductions and Section 87A rebates.

Changes expected successful old, caller taxation regime: Taxpayers are expecting a hike successful the modular deduction bounds nether some aged and caller taxation regimes successful this year’s Union Budget. It is expected that FM Sitharaman volition announce caller taxation slabs nether the caller taxation authorities today, arsenic good arsenic deductions for location loans, beingness security and healthcare argumentation premiums, bringing alleviation to the mediate class. Currently, the aged taxation authorities offers a modular deduction of Rs 50,000, portion the caller taxation authorities offers a modular deduction of Rs 75,000. A hike successful these rates is expected to bring cheer to the mediate class.

Day 1 of Budget Session 2025: The archetypal time of the Budget league successful Parliament saw a abbreviated code by Prime Minister Narendra Modi, an inaugural code by President Droupadi Murmu, followed by Vice-President Jagdeep Dhankhar’s address. FM Nirmala Sitharaman tabled the Economic Survey 2024-25 successful some Lok Sabha and Rajya Sabha connected Friday, which projected India’s system to turn betwixt 6.3 and 6.8 per cent successful FY26. The survey noted that the authorities plans to fortify semipermanent concern maturation by focusing connected probe and improvement (R&D), micro, small, and mean enterprises (MSMEs), and superior goods.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article