Tag: Budget 2024
Budget 2024 for Farmers: Agriculture industry wants FM to hike PM Kisan installment amount to Rs 8,000 in budget
During the recent pre-budget discussions, agricultural experts met with Finance Minister Nirmala Sitharaman. According to news reports, they have requested the FM to increase the…
Capital gain taxation in Budget 2024: Income tax rate parity, uniform holding period for long-term gain; what taxpayers want
The gains arising from transfer of capital assets is taxed under the head of income ‘capital gains’. The present provisions in relation to determination of…
Budget 2024 should hike basic income tax exemption limit to Rs 5 lakh in both old and new tax regimes: Deloitte
The Union Budget 2024 is set to be unveiled by Finance Minister Nirmala Sitharaman in July 2024. The Budget is of significant interest to salaried…
Income tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizens
Finance Minister Nirmala Sitharaman will present the complete budget for the fiscal year 2025 in July. As usual, taxpayers have an extensive list of desired…
NRIs want Budget 2024 to ease 6 tax troubles: TDS on property sale, disparity in LTCG, dividend taxation and others
Under Indian tax laws, NRIs are taxable in relation to their income sourced in India for example, capital gains from investments in shares and other…
Budget 2024: Govt may adjust income criteria for housing aid in urban areas
The government is preparing to revise the income criteria for middle-income groups (MIGs) to qualify for assistance in buying or building houses in urban areas…
Budget 2024 HRA Exemption: Will Bengaluru, Hyderabad, other non-metro cities be included in 50% HRA tax exemption list?
The salaried always have high hopes from the finance minister ahead of the budget. They look for measures that can ease their financial burdens. Budget…
Section 80C deduction in Budget 2024: Will the government increase Section 80C limit under the old income tax regime in Budget?
Many taxpayers choose the section 80C benefit as their preferred tax-saving option. Under section 80C of the Income Tax Act, 1961, individuals can avail a…
Income tax relief: Will Budget 2024 increase standard deduction under new income tax regime?
The finance ministry is considering raising the standard deduction limit for income taxpayers under the new regime, without changing the tax exemption-heavy old regime. The…
Budget 2024: Income tax relief for those in lowest slab may need to be considered in Budget: CII
Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high…