Last Updated:January 21, 2025, 08:00 IST Currently, tax benefits for NPS are available under the old tax regime. Will FM Sitharaman extend this deduction to the new tax regime? Income Tax Expectations Budget 2025 The National Pension Scheme (NPS) has become one of the most popular retirement tools in India, with a large subscriber base…
Budget 2025 NPS tax benefits: he Section 80CCD(2) deduction limit warrants an increase. (AI image) Budget 2025 NPS expectations: Finance Minister Nirmala Sitharaman should look to make the National Pension System (NPS) more attractive for investors, believe financial experts. There is expectation among financial experts that in the Union Budget 2025 speech, FM Sitharaman will…
Union Budget 2025: We propose the government to consider increasing capex in FY26 by 15 percent over 2024-25, says FICCI. (AI image) Budget 2025 expectations: Finance Minister Nirmala Sitharaman’s Union Budget 2025 should focus on maintaining a thrust on investments and implementing next generation reforms, according to FICCI. In its list of pre-Budget 2025 recommendations…
Last Updated:January 17, 2025, 11:22 IST Industry experts also foresee a stronger focus on improving rural road connectivity in this year’s budget Roads & Highway construction stocks in focus (Image: Shutterstock) The road construction sector is drawing significant attention ahead of the Union Budget scheduled for February 1, with expectations that it will be one…
Budget 2o25 will be presented by Finance Minister Nirmala Sitharaman on February 1. Railway Budget 2025: Indian Railways is expected to receive a 15-20% increase in capital expenditure allocation for FY26 in the forthcoming Union Budget, as it progresses towards utilising the current year’s funds. The total capital expenditure allocation for the national transporter could…
Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the…
Budget 2025: EY has also recommended that the government reduce income tax rates. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should consider raising the basic exemption limit from Rs 3 lakh to Rs 5 lakh under the new tax regime, says EY in its pre-Budget 2025 recommendations.EY, a leading consultancy firm…
The Indian diaspora is the largest overseas diaspora in the world. As of May 21, 2024, there are 35.4 million non-resident Indians (NRIs) and People of Indian Origins (PIOs) living outside of India, largely in UAE and the US. The Finance Act, 2020 made far reaching changes in determining tax residency for NRIs/PIOs who come…
NEW DELHI: Taxpayers and businesses are eagerly waiting for new reforms in the upcoming Union budget that will propel India’s economic trajectory. All eyes are on the key announcements and the government’s forward-looking economic guidance for PM Modi’s third tenure.EY India recently suggested that the budget 2025 should focus on increasing capex, reducing the debt-to-GDP…
Budget 2025 income tax expectations: The changes involve simplifying the language and rationalizing information by using formulas and tables. (AI image) Budget 2025 expectations: India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned…
