Its key proposals highlight the government’s commitment to ensure a transparent and business-friendly tax environment. A more concise and structured law: One of the most notable aspects of the Bill is its reduced volume. The legislation cuts the section count from 819 effective ones to 536, significantly reducing the word count by half. This comes…
For the upcoming budget year, nominal gross domestic product (GDP) has been projected to grow at 10.1% over the half year-based First Advance Estimate (FAE) for the current year, yielding a budgeted GDP denominator of â‚ą356.97 trillion for 2025-26. The Second Advance Estimate (SAE) for 2024-25 will soon follow at February-end, and at May-end the…
India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burdens under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to â‚ą12 lakh annually from â‚ą7 lakh. That’s quite a leap. Also Read: Union Budget 2025 strengthens the middle…
