Budget 2024: Salaried employees under new tax regime to save up to Rs 17,500 annually in taxes due to changes proposed in Budget FY25, announced Finance Minister Nirmala Sitharaman on Tuesday.

Salaried Employees Under New Tax Regime To Save Rs 17,500 Annually In Taxes: FM

Finance Minister Nirmala Sitharaman on Tuesday brought cheer for start-ups as she abolished angel tax in the Union Budget 2024-25 for all classes of investors.

Budget 2024: Good News for Start-Ups as Nirmala Sitharaman Scraps Angel Tax. Here's What It Means

Highlighting the vision for a ‘Viksit Bharat’, or developed India, in the Union Budget 2024-25, finance minister Nirmala Sitharaman on Tuesday (July 23) highlighted nine priorities for generating ample opportunities in the economy.

Budget 2024: Sitharaman Outlays Modi Govt's Vision For 'Viksit Bharat' Through 9 Priorities | All You Need To Know

Gold, silver, platinum, mobile phones and cancer drugs are among the items likely to become cheaper with Finance Minister Nirmala Sitharaman announcing relaxation in duties her Union Budget 2024 speech on Tuesday.



Union Budget 2024: Mobile Phones, Shrimp, Gold, Footwear... What is Cheaper, What Gets Costlier | LIVE Updates

In the Budget 2023, under new tax regime, Finance Minister Nirmala Sitharaman had increased the income tax exemption limit by Rs 50,000 to Rs 3 lakh and the rebate under Section 87A of the Income Tax Act, 1961, was also raised from Rs 5 lakh to Rs 7 lakh, meaning that those earning up to Rs 7 lakh do not have to pay any tax under the new regime.



Budget 2024 May Raise Income Tax Exemption Limit to Rs 4 Lakh: Know Current Slabs Under New Tax Regime Vs Old Regime

The Economic Survey 2023-24 has cautioned against including sensitive food commodities like common rice, wheat, and most pulses in futures trading until markets are more developed, even as the government expands the list of commodities eligible for derivatives trading.



Economic Survey Acknowledges Rise Of Retail Investors, IPO Boom; Cautions Against F&O Trading

Finance Minister Nirmala Sitharaman announced an 11.1 per cent increase in Capex outlay to 11.11 Lakh Crore, putting capex outlay at 3.4 per cent of GDP.

Capex Outlay Increased by 11.1%

Finance Minister Nirmala Sithraman said, "Rooftop solarisation will allow 1 crore households to get 300 units of free electricity every month." She added, "This will result in Rs 15,000 to Rs 17,000 savings per year for households."

'Solarisation to allow 300 units for free electricity for 1 cr households'

Finance Minister Nirmala Sitharaman presented Interim Budget 2024 in Parliament today. Beginning her speech highlighting the achievements of the Narendra Modi government, Sitharaman said, "Government is working with the approach of All Round, All Pervasive & All Inclusive Development. We will achieve the goal of Viksit Bharat by 2047."

Will Achieve Viksit Bharat Goal by 2047: FM

While Indian stock markets were choppy in opening trade, they recovered and were trading in green ahead of Interim Budget 2024. At 10:30 am, Sensex was over 230 points higher while Nifty was over 60 points up. 

Stock Markets in Green Ahead of Budget 2024

The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing.

Govt Should Rationalise Customs Duty In Budget To Boost Domestic Mfg: Indian Chamber of Commerce

The stock market is abuzz with speculation on potential fiscal measures and their impacts ahead of the Union Budget 2024 presentation on July 23.

Defence Stock Picks Ahead of Budget 2024: Analysts' Pick HAL, BEL, Azad Engineering, Others

 The initial public offering (IPO) of plant-based speciality products company Sanstar Limited, which was opened for public subscription on July 19, has received a positive response from investors.

Sanstar IPO Receives Over 13.53x Subscription on Day 2, Check GMP Today

We are in the midst of wedding season, surrounded by the crescendo of ’till death do us part’ vows. In this spirit of togetherness, there is another timeless union that deserves our attention—the union of state and taxes. 

Union Budget and India's Unhealthy Obsession With Income Tax Slabs

Finance Minister Nirmala Sitharaman is going to announce her fourth consecutive budget on February 1, which is going to be an interim budget or vote on account. The Interim Budget 2024 is the last budget before the general elections 2024. Readers can visit here for the Interim Budget 2024 highlights after the budget is announced. Meanwhile, here are 10 key highlights from Budget previous Budget 2023-24.

Who Could Be Kamala Harris Running Mate? 

Breaking News

Who Could Be Kamala Harris Running Mate?

Jul 22, 2024

Jul 22, 2024

Nipah Nightmare Returns To Kerala

Jul 22, 2024

How Biden And His Debate Fiasco Blew It

Jul 22, 2024

Indian Cricket Team News | "Pandya's Fitness Is A Big Challenge Now" | Breaking News | News18

Jul 22, 2024

Joe Biden Drops Out of US Presidential Race, Says Will Speak In Detail Later This Week | News18

Jul 22, 2024

Secret Service Says It Denied Donald Trump Additional Resources Even As His Team Complained

Jul 21, 2024

China Bridge Collapse: 12 Dead, 20 Vehicles, More Than 30 People Missing

Jul 21, 2024

Bangladeshs Supreme Court Scraps Most Job Quotas That Triggered Deadly Protests

Jul 21, 2024

All Party Meeting Today | Parliament Affairs Minister Kiren Rijiju Briefs Media | Breaking News

Jul 21, 2024

Bangladesh Protests News | Bangladesh's Top Court Scales Back Job Quotas That Sparked Deadly Unrest

Jul 21, 2024

Kerala Teen, Who Tested Positive For Nipah, Dies In Kozhikode Hospital | Kerala News | News18

Jul 21, 2024

Leaders Have Started Arriving For The All Party Meeting In The Parliament | Union Budget 2024

Jul 21, 2024

Another Goods Train Derails In Rajasthan; Third Incident In Two Days | Rajasthan News | News18

Jul 21, 2024

Bangladesh Unrest | Nearly 1,000 Indian Students Return From Bangladesh, 4,000 Still Remain

Jul 20, 2024

PM Modi News | Prime Minister Narendra Modi Speaks With Prime Minister of New Zealand | News18

Jul 20, 2024

Mumbai News | Part Of A Balcony Collapses In Mumbai, People Trapped | Breaking News | News18

Jul 20, 2024

Microsoft Global Outage | Around 250 Flights Were Cancelled Yesterday Due to IT Outage | News18

Jul 20, 2024