The government has announced five slabs in the new income tax regime. New Delhi: Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over
Tag: Budget 2023
Customs duty changes in Budget will promote Make in India initiative: GTRI
Import duty was hiked on a number of goods including silver bars, styrene, and vinyl chloride. (File) New Delhi: Customs duty changes for several products such as precious metals, small cars, bicycles, toys and telecommunication components in the Budget will
Here’s How Budget’s 16% Duty Hike On Cigarettes Will Impact Prices
The profitability will be less than one per cent. (Representational) New Delhi: The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick across cigarette
Budget 2023: Multiple Benefits Under The New Tax Regime
The existing slabs in the new tax regime are in blocks of Rs 2.5 lakh each.(File) The Union Budget 2023 has provided a boost to the new income tax regime by undertaking several measures that make it more attractive for
India’s Gender Budget Up By Over 30% This Year
There was a 0.63 per cent rise in the share of Gender Budget in total expenditure. New Delhi: India’s Gender Budget, which aims to reduce the gender gap, was allocated ₹2.23 lakh crore in the 2023 Union Budget — just
India Will Become World’s Third Largest Economy By 2027-28: Ex NITI Aayog Chairman Arvind Panagariya
India should get back to 7% plus kind of growth rate, Arvind Panagariya said. (File) New York: Eminent economist Arvind Panagariya has said India is on the cusp of returning to a high growth trajectory and voiced confidence that the
To Opposition’s ‘Budget Forgot Poor’ Argument, Union Minister’s Rebuttal
Ashwini Vaishnaw said when the UPA was in power, “India became one of the fragile five economies”. New Delhi: Union Railway minister Ashwini Vaishnaw brushed aside the opposition’s claim that the Union budget presented today does not have anything for
Budget Allocates Rs 12,544 Crore For Department Of Space
Nirmala Sitharaman allocated nearly Rs 12,544 crore to the Department of Space. (File) New Delhi: Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the Department of Space as India plans a human spaceflight — Gaganyaan —
Union Budget 2023: Rs 3,113.36 Crore Allocated To Civil Aviation Ministry
The Budget for 2023-24 was presented by Finance Minister Nirmala Sitharaman. New Delhi: The allocation for the civil aviation ministry in the Union Budget has more than halved to Rs 3,113.36 crore for next financial year, especially due to a
Per Capita Income Doubled To Rs 1.97 Lakh Since 2014: Finance Minister
The government on Wednesday presented the annual Budget for 2023-24. New Delhi: The per capita income in India has more than doubled to Rs 1.97 lakh over the past nine years. “The government’s efforts since 2014 have ensured for all
