Livemint tops charts as the fastest growing news website in the world □ Click here to know more. The full budget will be presented in July by the incoming government, whether a re-elected or new one. The middle class was eagerly awaiting some income tax reforms that would enable them to curtail their tax outgo. This development is poised to contribute favourably to the stabilization of interest rates at a lower threshold, thereby enhancing and fortifying the virtuous business cycle in India." Reacting to the announcement, Akhilesh Gupta, Chief Investment Officer, Aviva India, said, "The unexpected reduction in the projected fiscal deficit for FY 25, standing at 5.1%, is indeed a positive turn of events. Similarly, the threshold for professionals eligible for presumptive taxation was increased from ₹ 50 lakh to ₹ 75 Lakh, she added. And over time, youll see how just a tiny bit of. The Home Planner breaks down all your cleaning, organizing, and even navigating your budget into simple, achievable tasks each day. The threshold for presumptive taxation for retail businesses was increased from ₹ 2 crore to ₹ 3 crore." Our 2024 Home Planner is actually a that easily allows you to manage your home, care for your family, and organize your weekly schedule all in one beautiful space. Goals could be paying off debt, funding your emergency fund, and investing for retirement. A simple, easy-to-use place to track your finances. Under the new tax scheme, there is now no tax liability for tax payers with income up to ₹ 7 lakh, up from ₹ 2.2 lakh in the financial year 2013-14. Print the cover page and place it in the front pocket of your binder. “The Government has reduced and rationalized tax rates. I appreciate the tax payers for their support. I would like to assure the taxpayers that their contributions have been used wisely for the development of the country and welfare of its people. During her speech, FM Sitharaman said, Over the last ten years, the direct tax collections have more than trebled and the return filers swelled to 2.4 times.
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