The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
DK Shivakumar argued that the income tax relief for individuals earning below 12 lakh will benefit only a few people, and that the tax bracket should have been eliminated entirely.
Union FM Nirmala Sitharaman unveiled plans to develop 50 tourist destinations, boosting the tourism budget to ₹2,541.06 crore, focusing on employment-led growth.
The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.
Summary: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focused on reforms in taxation, agriculture, MSMEs, and exports. Direct tax proposals included no tax on incomes up to ...
The fear of even tougher administration action against USAID comes two weeks into the administration’s shutdown of billions of dollars of the United States’ humanitarian, development and security assi ...