Finance Minister Nirmala Sitharaman on Monday proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull the economy out of the pandemic-induced trough.
»This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata
1-MIN READ
This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata
Finance Minister Nirmala Sitharaman seen carrying a tablet for a paperless budget on Monday. ANI photo
The use of a Made In India tablet is a dual push for digitization as well as the Atmanirbhar Bharat push along with the Made in India initiative. Earlier, the government rolled out the Union Budget app for smartphones that will allow users to follow the budget updates on their phones.
Budget 2021: New income tax regime introduced in 2020 may see tweaks
While major changes in the income tax structure are unlikely, it is possible that the government may make some minor tweaks to provide relief
BusinessToday.In | February 1, 2021 | Updated 15:54 IST
The new income tax regime introduced last year with lower tax slabs is expected to get a longer list of exemptions to benefit taxpayers.
This move is intended to provide respite to the burdened taxpayers and increase net disposable income to boost overall demand.
While major changes in the income tax structure are unlikely, it is possible that the government may make some minor tweaks to provide relief.
»How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021
4-MIN READ
How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021
Finance Minister Nirmala Sitharaman had announced the new concessional income tax regime last year.
As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer all your queries related to income tax.
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Every salaried person in India has to pay a certain amount of money in the form of tax to the Income Tax Department of India. As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer all your queries related to income tax slabs, how it’s calculated and what makes Form 16 an important document.
Finance Minister Nirmala Sitharaman on Monday proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull the economy out of the pandemic-induced trough.