budget 2024

THIRUVANANTHAPURAM: In a significant departure from its traditional socialist approach, the CPI(M)-led communist government of Kerala, under the stewardship of Finance Minister KN Balagopal, has revealed a budget aimed at revitalising the state’s economy through increased private investments. The budget, a departure from the norm of primarily allocating funds to public and cooperative sectors, aims to […]

Niranjan Hiranandani, Founder of Hiranandani Group and Chairman of National Naredco, commended the budget for its integrated and equitable growth approach, emphasising social reforms, economic value chain enhancement, and support for sunrise sectors. 

NEW DELHI: On Thursday, Finance Minister Nirmala Sitharaman declared the government’s intention to instigate forward-looking reforms aimed at propelling the nation’s growth. She expressed the vision of witnessing unprecedented development and golden moments, with the ultimate goal of transforming India into a developed country (Viksit Bharat) by 2047. Sitharaman, while introducing the interim Budget 2024-25 […]

NEW DELHI: In the 2024-25 interim Budget announcement, Union Finance Minister Nirmala Sitharaman confirmed the preservation of current taxation structures, including direct and indirect tax rates, along with import duties. Sitharaman highlighted a notable improvement in the refund process, reducing the average time from 93 days in 2013-2014 to a mere 10 days in the […]

The 2024 interim budget presentation uncovered a comprehensive array of transformative initiatives designed to fortify diverse sectors of the economy and tackle urgent societal issues.

NEW DELHI : As Finance Minister Nirmala Sitharaman prepares to present India’s budget ahead of the general elections, many are anticipating changes that might impact ordinary income tax payers. The current income tax slabs for professionals and NRIs in the old tax regime are structured based on income levels. The slabs include no tax for […]

Individuals with an annual income of ₹9 lakhs will be required to pay only ₹45,000 under the new tax slab, FM Sitharaman announced.