Live Breaking News & Updates on Income tax budget 2021

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Budget 2021: Hits & Misses

Budget 2021: Hits & Misses
Check out the Hits & Misses of the Union Budget 2021-22 in this quick chat with Mr Dilip Oommen, CEO, ArcelorMittal/Nippon Steel India and Moneycontrol's Prince Thomas
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BREAKING: No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021

No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021
Budget 2021: No changes in ncome tax slabs, PPF limit, Section 80C exemption were announced by the Finance Minister
Anwesha Madhukalya | February 1, 2021 | Updated 17:03 IST
Budget 2021: No change in income tax slabs
Going against the expectations of salaried class, Finance Minister Nirmala Sitharaman did not announce any major alteration in personal taxation in Budget 2021 . There were no changes in income tax slabs, PPF limit, Section 80C exemption. This comes despite experts asking for increased money in the hands of the salaried class to boost consumption.
The Finance Minister, however, gave some relief to senior citizens. Senior citizens of 75 years and above who only have pension and interest income will not be required to file returns. The Finance Minister also offered relaxation to home buyers by announcing the extension of Rs 1.5 lakh deduction on payment of interest for affordable housing by a year.

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Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman Set To Present Union Budget Today

Union Budget 2021 Highlights | All the action from FM Sitharaman’s budget– as it happened
Union Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021 and revised the expenditure target for FY 2021 at Rs 34.50 lakh crore. She allocated Rs Rs 2,23,846 crore for health, Rs 1.18 lakh crore for road infra, Rs 1,10,055 crore for Railways, Outlay over Rs 3 lakh crore for power and set the divestment target for FY22 at Rs 1.75 lakh crore, among other things. This blog is now closed.
Budget 2021 Highlights: Finance Minister Nirmala Sitharaman presented Union Budget 2021-22 today. She used a tablet computer to deliver the paperless Budget address. This Budget assumes great significance as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India

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Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty

2-MIN READ
Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty
Finance Minister Nirmala Sitharaman has said that the move is being undertaken for greater domestic value addition, as the mobile manufacturing industry of India continues to grow.
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Domestic manufacturing of electronics have grown exponentially, and India is now even exporting mobile phones and chargers to other markets, said Finance Minister Nirmala Sitharaman at her Union Budget 2021 speech earlier today. In conjunction, Sitharaman announced that as the government targets greater “domestic value addition”, “some parts” of the mobile manufacturing process will be imposed with a 2.5 percent duty going forward, instead of the fully exempted taxation in this sector so far.

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Budget 2021: LIC IPO to come in 2022, 2 PSU banks to be part of disinvestment: Sitharaman

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Budget 2021: LIC IPO to come in 2022, 2 PSU banks to be part of disinvestment: Sitharaman
Presenting Union Budget 2021, Finance Minister Nirmala Sitharaman on Monday annonced that theÂ initial public offer (IPO) of Life Insurance Corporation (LIC) will be completed this year. Centre will introduce the initial public offer (IPO) of Life Insurance Corporation LTD. (LIC) in 2022 and will complete the divestments of Air India by 2022.
"In 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this session itself," Sitharaman said.
Finance Minister Nirmala Sitharaman says, "For start ups, we are allowing 1% companies to grow without any restriction on their paid up capital. Other than IDBI we plan to take up 2 more banks for disinvestment. LIC IPO will come in 2022. All divestments announced so far, including Air India, BPCL, CONCOR, Pawan Hans, to be completed by 2022."

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No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021

No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021
Budget 2021: No changes in ncome tax slabs, PPF limit, Section 80C exemption were announced by the Finance Minister
Anwesha Madhukalya | February 1, 2021 | Updated 17:03 IST
Budget 2021: No change in income tax slabs
Going against the expectations of salaried class, Finance Minister Nirmala Sitharaman did not announce any major alteration in personal taxation in Budget 2021 . There were no changes in income tax slabs, PPF limit, Section 80C exemption. This comes despite experts asking for increased money in the hands of the salaried class to boost consumption.
The Finance Minister, however, gave some relief to senior citizens. Senior citizens of 75 years and above who only have pension and interest income will not be required to file returns. The Finance Minister also offered relaxation to home buyers by announcing the extension of Rs 1.5 lakh deduction on payment of interest for affordable housing by a year.

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Budget 2021: From Health To Innovation, FM Nirmala Sitharaman Lists Out 6 Pillars For Growth

Talking about the first pillar, health and well-being, Finance Minister Nirmala Sitharaman said the investment on health infrastructure in the Union Budget 2021-22 has been increased substantially.

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This Year's Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata

»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.

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