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.

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On July 22, US Secret Service Director Kimberly Cheatle rebuffed bipartisan demands for her resignation following significant security failures that allowed a would-be assassin to wound Republican presidential candidate Donald Trump. The incident, which occurred on July 13, has led to intense scrutiny from lawmakers and widespread criticism of the Secret Service's performance.During a heated session of the US House of Representatives Oversight Committee, both Republican Chair James Comer and top Democrat Jamie Raskin—normally deeply divided on most issues—called for Cheatle to step down. Comer expressed the committee's collective disappointment, stating, "This committee is not known for its model of bipartisanship, and I think today we came together unanimously in our disappointment. We don't have that confidence that you can lead."Raskin echoed these sentiments, asserting that Cheatle had "lost the confidence of Congress at a very urgent and tender moment in the history of the country, and we very quickly need to move beyond this."Throughout the over 4-1/2 hour proceedings, Cheatle faced numerous calls to resign. She characterized the July 13 shooting as "the most significant operational failure at the Secret Service in decades," drawing parallels to the 1981 attempted assassination of former President Ronald Reagan. Despite this, she stood firm against the demands for her resignation, stating, "I think that I am the best person to lead the Secret Service at this time."Cheatle's refusal to provide detailed information about the incident further frustrated lawmakers, who are seeking accountability and assurances that such failures will not happen again. The situation continues to develop as Congress and the Secret Service navigate this critical moment in national security.

US Secret Service Chief Kimberly Cheatle Grilled B...

Anti-Tourism Activists Protest Across Spain Agains...

Relative Calm In Bangladesh After Top Court Waters...

Left-Wing MP Makes Rock-Paper-Scissors Motion to A...

Samsung Workers Announce Indefinite Strike Over Hi...

California Voters React To Biden Ending Re-Electio...

Biden Ends Re-Election Bid: List Of Other US Presi...

Watch | Massive Fire At Yemen’s Hodeidah Port Afte...

Today, Network18's Project One Tree Sprouted A Gre...

Unrest In France Over Reservoir Construction, Poli...

42-Metre Long Rowing Boat To Take Part In Paris 20...

Xi Jinping Sends Personal Note To Trump After Assa...

Massive Global Cyber Outage Causes Long Queues At ...

Iranian Navy Salvages Sunken ‘Sahand’ Destroyer Fr...

Blinken Claims Iran's Nuclear Breakout Time Estima...

Billionaire Sultan Ibrahim Iskandar Crowned Malays...

38,848 Palestinians Killed In Israel-Hamas War, Sa...

China Slams US Election Focus, Says Taiwan “Internal Affair”

Children Among Seven Killed In Suspected Arson Att...

7.3 Magnitude Earthquake Jolts Chile, No Tsunami W...