According to the proposed change in the Union Budget 2024, 20% Tax Deducted at Source (TDS) on the repurchase of units by mutual funds and the Unit Trust of India (UTI) will be eliminated. Apart from this, it also consolidates the TDS rates - the 5% rate for many payments will be...
Finance Minister Nirmala Sitharaman has provided some relief to taxpayers by hiking slabs for personal income tax while presenting the first budget of the Modi 3.0 government....
In addition to mobile phones, the BCD on mobile Printed Circuit Board Assembly (PCBA) and mobile chargers will also be reduced to 15%. This decision comes on the edge of a remarkable threefold increase in domestic production and almost a 100-fold jump in exports of mobile phones ...
The budget also included an increase in the deduction on family pension from Rs 15,000 to Rs 25,000. These changes are expected to benefit approximately four crore salaried individuals and pensioners....
While presenting the budget in the Lok Sabha, the finance minister highlighted nine priorities to bolster the economy, which include Productivity and Resilience in Agriculture, Employment and Skilling and Manufacturing and Services....
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