The Budget 2023-24 has extended the benefit of standard deduction on salary under Section 16 of the Income Tax Act, 1961, to those taxpayers who opt for the new tax regime offered under Section … READ FULL STORY
The City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO) presented the Budget for FY24 on March 30, 2023. The proposed Budget is 21.79% more than the revised estimates for FY 2022-23, which was … READ FULL STORY
In the Maharashtra state Budget presented on March 9, 2023 by Devendra Fadnavis, deputy chief minister and finance minister Maharashtra announced cash benefit of Rs 6,000 annually to 1.15 crore farmers. Modelled on the … READ FULL STORY
Article 112 of the Indian Constitution mandates that a budget is presented to Parliament before the start of each fiscal year. The Union Budget chals out the plan for the upcoming fiscal year, which … READ FULL STORY
India’s hardworking middle class will not have to pay any tax if their annual income is up to Rs 7 lakh, the Union Budget 2023-24 has proposed. This, however, is true if a taxpayer … READ FULL STORY
The Prime Minister Narendra Modi-led government has lowered the Budget allocation for the Centre’s flagship job guarantee scheme, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). The Budget, presented by finance minister Nrmala … READ FULL STORY
In the Budget 2023-24, the government has reduced the highest surcharge on personal income tax to 25% from the previous 37%. The reduced rate is applicable only on taxpayers who opt for the new … READ FULL STORY
The government would want to eventually switch to an exemption-free tax regime with lower tax rates, revenue secretary Sanjay Malhotra told news agency PTI on February 2, 2023. “We would like to move towards … READ FULL STORY
The Central government has allocated Rs 19,518 crore to all Metro projects in India during the Union budget 2023-24. The outlay for 2023 includes equity investment of Rs 4,471 crore, subordinate debt of Rs … READ FULL STORY
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented ‘Amrit Kaal’s’ first Union Budget before the Parliament on Wednesday, the 1st of February. The union budget for 2023 is expected to … READ FULL STORY
Government of India has allocated Rs 3,596 crore to the Delhi-Meerut RRTS corridor in the Union Budget 2023-24, announced on February 1, 2023. The Delhi-Ghaziabad-Meerut RRTS project will be India’s first RRTS implemented by … READ FULL STORY
The Centre has allocated only Rs 60,000 crore to its flagship PM Kisan Samman Nidhi Yojana for the financial year 2023-24, shows the Union Budget document on expenditure. This is the lowest Budget allocation … READ FULL STORY
The measures announced in the Union Budget 2023-24 will go a long way in shaping India’s real estate sector. In fact, the average homebuyer got busy in his tax calculations immediately after Finance Minister … READ FULL STORY
