Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in Parliament on February 1, focusing on India’s macroeconomic growth and fiscal consolidation. This marks the…
View More Budget 2024: FM Nirmala Sitharaman reduced import duty on parts used for mobile phone manufacturing from 15% to 10%
On the day when the Union Finance Minister is presenting the Annual Budget at parliament, apart from the other budgets introduced and reintroduced, there are some special schemes and plans especially for the women in the country. lets know them and what are benefits a woman would get after the implementation of those schemes.Finance Minister announced Mahila Samman Bachat Patra- a one-time new small savings scheme – for a two-year period up to March 2025. This initiative will avail a deposit facility for a woman up to ₹two lakhs for a two-year period at a fixed interest rate of 7.5% with a partial withdrawal option. The scheme offered has the maximum amount to be deposited is 2 lakhs.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul? This is being launched by the government to commemorate the Azadi Ka Amrit Mahotsav. The Finance Minister further enhanced the maximum deposit level of Senior Citizens’ Saving Scheme from ₹15 lakh to â‚
View More What is Special for Women in Union Budget?
During the ongoing Budget briefing by Union Finance Minister Nirmala Sitaraman, there is a sight of Relief for all Middle-class earners across the country… As the country’s major population is middle class, thinking about the middle-class citizens of the country the government has now made certain changes in the tax paying i.e Income tax department.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?This now means that a person earning less than or 3 lakhs per annum he/she will now be excluded from paying Income tax annually, on the other hand, the person earning 3-6lakhs a year would be paying 5% of their income to the government, a person earning between 6-9 lakhs would be now paying 10% of their annual income, the one who is earning 12-15 lakhs would be paying 20% and so a person wearing above 15 lakhs would be paying 30% of their income.Further talking about the tax paying system, the Union Finance Minister said,”the Budget for 2023-24
View More Big Relieaf to Middle-Class earners… Know the new Incom tax rules