Union Finance Minister Nirmala Sitharaman says, "The FDI limit for the Insurance Sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified." Watch in for more details!

Budget 2025: Foreign direct investment in insurance hiked 74% to 100% | WION detailed coverage

Indian Finance Minister Nirmala Sitharaman today (Saturday, Feb 1) presented the Union Budget for 2025-26, a day after unveiling the Economic Survey.
Indian Finance Minister Nirmala Sitharaman on Saturday (Feb 1) announced a major relief for the middle class in India with a special tax exemption for salaried individuals. The new tax structure is designed to reduce taxes for middle-income earners, leaving more disposable income for household consumption, savings, and investment, which can help boost economic growth.

Budget 2025: Will India's budget drive growth? | WION detailed coverage

India news: The finance minister announced that the PM SVANidhi scheme will be reworked with enhanced loans from banks, UPI-linked credit cards with a Rs 30,000 limit, and capacity-building support will be ensured.

Union Budget 2025: FM Sitharaman proposes ID cards for gig workers, UPI-linked credit cards for street vendors

Under the new tax regime, the government has introduced significant changes to benefit taxpayers, especially the middle class. One of the key highlights is the introduction of a "nil tax" slab for income up to ₹12 lakh, meaning individuals with income up to this threshold will pay no income tax. For salaried taxpayers, this limit increases to ₹12.75 lakh due to a standard deduction of ₹75,000.

The revised slabs and rates aim to substantially reduce the tax burden for the middle class, leaving more money in their hands to encourage increased household consumption, savings, and investment. These changes are designed to provide substantial relief to taxpayers and support economic growth.

The government has proposed several changes to rationalise the Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) provisions. The limit for tax deduction on interest income for senior citizens will be doubled from ₹50,000 to ₹1 lakh, providing them with greater tax relief.

Additionally, the annual limit for TDS on rent payments will be increased from ₹2.40 lakh to ₹6 lakh, easing the tax burden for individuals making rent payments.

Budget 2025: Annual Limit Of ₹ 2.4 Lakh For TDS On Rent Raised To ₹ 6 Lakh | WION Detailed Coverage

Sitharaman is presenting her record eighth consecutive Budget on Saturday (Feb 1). The Budget speech is expected to provide a comprehensive overview of the government's fiscal policies, revenue and expenditure proposals, and taxation reforms, along with other important announcements. 
Under the new tax regime, the government has introduced significant changes to benefit taxpayers, especially the middle class. One of the key highlights is the introduction of a "nil tax" slab for income up to ₹12 lakh, meaning individuals with income up to this threshold will pay no income tax. For salaried taxpayers, this limit increases to ₹12.75 lakh due to a standard deduction of ₹75,000.

Budget 2025: Tax announcement receives resounding claps from lawmakers | WION detailed coverage

Under the new tax regime, the government has introduced significant changes to benefit taxpayers, especially the middle class. One of the key highlights is the introduction of a "nil tax" slab for income up to ₹12 lakh, meaning individuals with income up to this threshold will pay no income tax. For salaried taxpayers, this limit increases to ₹12.75 lakh due to a standard deduction of ₹75,000.

The revised slabs and rates aim to substantially reduce the tax burden for the middle class, leaving more money in their hands to encourage increased household consumption, savings, and investment. These changes are designed to provide substantial relief to taxpayers and support economic growth.

Budget 2025: Salaried class gets a big spending boost | WION detailed coverage

BREAKING | Union Budget 2025-26: No income tax up to income of ₹12 lakh | WION detailed coverage

Finance Minister Nirmala Sitharaman recently announced several key initiatives aimed at strengthening India’s healthcare and education sectors.

Over the next three years, all district hospitals will be equipped with cancer daycare centers, enhancing access to cancer care across the country.

Additionally, 75,000 new undergraduate medical seats will be created over the next five years, addressing the growing demand for medical professionals. Sitharaman also highlighted the establishment of five national centres for skilling, which will bring in global expertise to support the 'Make for India, Make for the World' initiative.

Budget 2025: FM Sitharaman announces 75,000 new UG medical seats, 10,000 fellowships in IITs & IIMs

Sitharaman is presenting her record eighth consecutive Budget on Saturday (Feb 1). The Budget speech is expected to provide a comprehensive overview of the government's fiscal policies, revenue and expenditure proposals, and taxation reforms, along with other important announcements.

The Economic Survey, which was tabled in the Parliament on Friday (Jan 31), forecasted a robust growth rate for India's economy, predicting an expansion between 6.3 and 6.8 per cent in the coming financial year (2025-26).

Budget 2025: Nirmala Sitharaman presents her 8th consecutive Union Budget | WION detailed coverage

Budget 2025: Union Finance Minister Nirmala Sitharaman is scheduled to present the Economic Survey to the Loksabha at about 12 p.m. Sitharaman will propose the budget for FY 2025-26 tomorrow, February 1, 2025, at 11 a.m. Ahead of the budget, the Indian middle class and taxpayers are looking for significant income-tax reductions and reliefs. Tax slabs are projected to change under future tax regimes, as is the increase in basic deductions.

Budget 2025: Focus on digital economy & tech growth | Live analysis of India's Budget 2025

Sitharaman emphasised that the initiative is designed to create sustainable opportunities in rural areas, aiming to reduce forced migration and promote rural employment.

Budget 2025: FM Sitharaman announces PM ‘Dhan Dhanya Krishi Yojana’ for farmers, increases loan limit for kisan credit cards

Rising costs, stubborn inflation, and soaring taxes—India's middle class is feeling the pinch like never before. As Budget 2025 looms the nation's backbone demands an overhaul to ease their financial burdens. Here's a comprehensive report on their wish list. Take a look.

Budget 2025 | Focus on taxes & growth | WION detailed coverage

The government is under pressure to address slowing demand and growth. In this report, we dive into the broad expectations from the Finance Minister's announcement. The government is expected to extend its 2024 budget priorities and themes to ensure policy continuity and boost investor sentiment, going beyond the regular public rhetoric. Watch in for more details!

Budget 2025 | Sectors in focus: Agri, defence, infra, education & health

Budget 2025 expectations: Weak consumption may force govt to cut taxes | WION detailed coverage

As India anticipates the Union Budget 2025, the crypto industry seeks reforms in taxation and regulations to enhance innovation and adoption.
#india #tax #budget2025

Budget 2025: Crypto industry's wishlist from the budget | WION detailed coverage

India's finance minister has tabled the country's economic survey for 2024-25. In many ways, this is the economic report card that serves as the basis for the country's budget. So, let's break down the numbers for you. Watch in for more details!

Highlights of India's Economic Survey 2024-25: Slowing demand puts the spotlight on consumer demand

India will once again look at managing its finances in a disciplined manner. The budget today will likely show the government's commitment to bringing down the fiscal deficit. Our next report decodes the nuances of India's fiscal strategy for the upcoming financial year.

Budget 2025 expectations: India's budget will aim for fiscal discipline

Union Finance Minister Nirmala Sitharaman is set to present her ninth Union Budget on February 1, 2025. Throughout her term, FM Sitharaman has achieved important changes to benefit taxpayers, corporations, farmers, and other stakeholders. 

The next Union Budget is likely to include steps to improve sluggish economic development and reduce the financial strain on the middle class, which is dealing with rising costs and stagnant income growth. Taxpayers expect improvements to capital gains tax and a rise in the basic deduction in both tax systems. Watch in for more details!

Union budget 2025: All eyes on India's budget session | WION detailed coverage

India budget 2025 expectations: India to stay on fiscal consolidation path

India Budget 2025: Highlights Of India's Economic Survey 2024-25

India budget 2025: What India's taxpayers want from the budget? | WION detailed coverage

India budget 2025 expectations: Tax relief top wish for budget 2025 | WION detailed coverage

India budget 2025 expectations: Indian middle class seeks bold tax reforms | WION detailed coverage

India's upcoming budget announcement is drawing significant attention as the government faces pressure to address slowing demand and growth. With the expectation of continuing key priorities and themes from the 2024 budget, there is a strong focus on ensuring policy continuity while boosting investor sentiment. Beyond the usual public rhetoric, the government's approach will be closely watched as it aims to navigate these economic challenges effectively.

India Budget 2025 expectations: Tax relief expected for middle-class earners | WION detailed coverage

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