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NewsNirmala Sitharaman

Nirmala Sitharaman News

Nirmala Sitharaman

18 Feb 2025

FM Sitharaman Meets Former UK PM Rishi Sunak

PM Modi had also called for ending the monopoly in technology by advanced countries.

Nirmala Sitharaman

17 Feb 2025

FM Nirmala Sitharaman Lauds CBIC For Duty Rationalisation Exercise

The duties on some items were unreasonably high at upwards of 150 per cent, or for some at 200 per cent.

New Income Tax Bill

17 Feb 2025

Govt Received Over 60,000 Inputs From Citizens Towards New Income Tax Bill: FM

Addressing a post-Budget event here, the Finance Minister said the review of the Income-Tax Act, 1961 has a big component of Prime Minister Narendra Modi’s principle of 'Jan Bhagidari'.

14 Feb 2025

Tax Regime: Is Old Regime Still Beneficial For Those Earning Above Rs 12.75L?

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more than Rs 7,75,000, then you can file return under old regime, explains Cleartax.

02 Feb 2025

FM Sitharaman Stresses Rupee Stability, Says Only Depreciating Against US Doll

The Indian rupee has been under pressure in the last few months but it continues to be the least volatile currency against the US dollar among its Asian and global peers.

01 Feb 2025

Delhi Elections: Income Tax Relief For Middle Class A 'Master Stroke' By BJP?

Apart from the tax exemption for the middle class, which will benefit Delhiites like all Indian citizens, many Central schemes may indirectly benefit city voters like slum dwellers and residents of unauthorised colonies.

01 Feb 2025

Budget 2025: Government Hikes Sports Budget By Over Rs 350 Crore, Big Share

The ambitious Khelo India programme has been allocated Rs 1,000 crore for the financial year 2025-26. This is Rs 200 crore more than the grant of Rs 800 crore in 2024-25.

01 Feb 2025

No Income Tax Up To Rs 12 Lakh: Middle Class Reacts To 'Bumper' Budget Relief

In a major relief for taxpayers, Sitharaman announced that individuals earning up to Rs 12 lakh annually will no longer have to pay income tax under the new regime.

Union Budget 2025

01 Feb 2025

Budget 202: No Income Tax Up To Rs 12 Lakh

Union Budget 2025

01 Feb 2025

Budget 2025: Tax slabs decoded!

Union Budget 2025

01 Feb 2025

Budget 202: Big boost to the middle class

01 Feb 2025

Budget 2025: FM Rejigs Income Tax Slabs; New Tax Slabs 2025 Vs 2024 Compared

Finance Minister Nirmala Sitharaman on Saturday announced big sop for the middle class and the salaried taxpayer. There will be no tax for income upto Rs 12 Lakh under New Tax Regime. Slabs and rates being changed across the board to benefit all tax-payers. New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment, she said.

01 Feb 2025

Budget 2025: Govt To Extend Mudra Loans To Homestays, Says FM Sitharaman

In efforts to boost tourism in the country, Sitharaman said medical tourism will be promoted in partnership with the private sector and the government will also give special focus to destinations related to life and times of Lord Buddha.

01 Feb 2025

FM’s Big Boost To ITR Filing; To Extend Time Limit For Filing Updated Returns

Budget Income Tax 2025: FM Nirmala Sitharaman has proposed to extend the time-limit to file updated returnsfor any assessment year, from the current limit of two years, to four years.

01 Feb 2025

Budget 2025: Which Products Get Costlier And Which Get Cheaper? Check List

In Budget 2025, Finance Minister Nirmala Sitharaman announced changes that will impact both consumers and industries. Several life-saving medicines and critical minerals, including cobalt and lithium-ion battery waste, will become cheaper with exemptions from Basic Customs Duty. Additionally, the government is supporting EV and mobile battery manufacturing with more BCD exemptions.

01 Feb 2025

Good News For Homebuyers Of Stuck Projects: Govt Announces SWAMIH Fund-2

Budget For Real Estate Sector: FM Sitharaman, in her budget speech, announced the SWAMIH Fund-2 following the success of the first fund. Under the SWAMIH Fund-1, the finance minister highlighted that 50,000 dwelling units in stressed housing projects have been completed and keys have been handed over to homebuyers.

01 Feb 2025

With Economy Slowing Down, Budget Focuses On Tourism To Boost Growth

Detailing the measures to be taken for facilitating employment-led growth, FM Sitharaman said that intensive skill-development programmes for Indian youth including in Institutes of Hospitality Management will be organised.

01 Feb 2025

Budget 2025: Limit For Tax Deduction On Interest For Senior Citizens Doubled

Budget 2025 TDS announcement: Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number of transactions liable to TDS, thus benefitting small tax payers receiving small payments.

01 Feb 2025

Why No Income Tax Payable Upto Income Of Rs 12.75 Lakh For Salaried Tax Payers

Income tax Slabs budget 2025: In the new tax regime, the revised tax rate structure is Rs 0-4 lakh (zero tax), Rs 4-8 lakh (5 per cent), Rs 8-12 lakh (10 per cent), Rs 12-16 lakh (15 per cent), Rs 16-20 lakh (20 per cent), Rs 20-24 lakh (25 per cent), and above Rs 24 lakh (30 per cent).

01 Feb 2025

Union Budget 2025-26: 10,000 Additional Seats In Medical Colleges

Presenting her eighth consecutive budget and the NDA government's second full Union Budget of its third term, the Finance Minister said that India has seen remarkable growth in medical education in the last 10 years.

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