scorecardresearch
Business Today
Subscribe
PMS Today US News India UPSTART Weather BT Shorts NRI Education Election
BT Golf BT Mindrush BT Best Banks
Clear all
Search

COMPANIES

No Data Found

NEWS

No Data Found
Sign in Subscribe
events
Special
  • BT tech today
  • BT 500 wealth creators summit
  • Economic Indicators
News
Union Budget
Expectations

Feedback

Expectations

Currently, India allocates approximately 1.5% of its GDP to healthcare, far below the global average of 3.5%.
Updated : Jan 18, 2025

Budget 2025: Healthcare sector looks to tax reforms and innovation push

A uniform Goods and Services Tax (GST) rate of 12% on medical devices is also a key demand. Currently, GST rates on medical devices range from 5% to 18%, creating complications for manufacturers and distributors.

Indian Brand Equity Foundation (IBEF) data showed that public health expenditure for the fiscal year 2024 was estimated to be around 2.1-2.2% of GDP, which falls below the global average.
Updated : Jan 15, 2025

'Healthcare is not a luxury...': Kiran Mazumdar-Shaw calls for weighty allocation in Budget 2025

In Budget 2024, the Centre did not meet the goal outlined in its National Health Policy 2017 to allocate a minimum of 2.5% of GDP to healthcare.

In March 2024, the Cabinet approved an allocation of over Rs 10,300 crore for the India AI Mission.
Updated : Jan 14, 2025

Budget 2025-2026: AI Could Get Special Mention by FM Nirmala Sitharaman in Budget

In March 2024, the Cabinet approved an allocation of over Rs 10,300 crore for the India AI Mission

Experts have pointed out that the middle class continues to bear the brunt of India’s high taxation without significant relief over the past decade.
Updated : Jan 13, 2025

“Budget should come with relief...’: Tax expert says else ‘middle class is in problem’ 

With a little over two weeks to go for the Union Budget 2025, voices calling for tax relief for the country’s middle class are becoming increasingly vocal.

India is amongst the 140 countries that have signed the OECD’s Global Anti Base Erosion Model Rules for Pillar Two.
Updated : Jan 09, 2025

Budget 2025-26: Companies await clarity on India’s stance on Pillar Two rules

India seen to be in wait and watch mode after Trump election, does not see too much revenue gains

The industry is now poised for further growth in 2025, driven by key reforms and increasing consumer awareness.
Updated : Jan 06, 2025

Union Budget 2025: Wish list from the insurance sector

Irdai set to broaden insurance penetration in the country by leveraging major policies such as Bima Sugam, Bima Vahak and Bima Vistaar, and take it to 4.5% of GDP by 2034.

TV Mohandas Pai asked the Centre and FM Sitharaman expand the tax slabs and offer some relief to middle-class income taxpayers.
Updated : Jan 03, 2025

Income tax relief: How much tax can be saved if FM Nirmala Sitharaman follows Mohandas Pai's proposal?

In a post on X, Pai has appealed to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to revise tax slabs to offer relief to the middle class. 

Currently, homebuyers are required to withhold 1% of the property purchase value as TDS if the property is valued at Rs 50 lakh or more.
Updated : Jan 03, 2025

Budget 2025: Deloitte asks for simpler TDS terms for NRIs selling houses in India

Tax Deducted at Source (TDS) is a tax withheld from your earnings at the source before being received by you. Non-resident Indians (NRIs) frequently encounter higher TDS rates compared to resident Indians, leading to excessive deductions.

Fixed deposits have long been a preferred investment option for Indians. Nearly 15% of household savings still find their way into FDs.
Updated : Jan 03, 2025

Budget 2025: Financial sector seeks tax benefit on fixed deposits, long-term savings

During a meeting with representatives from the financial sector, FM Sitharaman discussed the recommendation from banks to introduce tax incentives for fixed deposits (FDs) as a way to encourage savings leading up to the Union Budget 2025.

In Budget 2024, FM Sitharaman offered some relief to salaried taxpayers in terms of TCS and TDS.
Updated : Jan 02, 2025

Union Budget 2025: Will FM Sitharaman look at simplifying TDS-TCS regime further this time?

Budget expectations: FICCI in its recommendations for the Union Budget 2025 emphasized the need for tax reforms to enhance the ease of doing business and reduce complexity in the system.

Mohandas Pai said the Centre and state spend more than Rs 900,000 cr of subsidies in India for bottom 60% but middle class bears most burden of tax.
Updated : Jan 01, 2025

Union Budget 2025: Infosys ex-CFO Mohandas Pai calls for relief to 'long suffering' middle class taxpayers

Mohandas Pai, the ex-CFO of Infosys, advocated for a decrease in personal income tax rates in order to boost disposable income for the middle class. He emphasized the need for the Finance Ministry to provide relief to the "honest middle class" taxpayers, who lack the same support as the lower-income class and often do not receive adequate relief measures.

This year, senior citizens are also hoping for an increase in the tax exemption limits under the old and the new tax regime.
Updated : Jan 01, 2025

Union Budget 2025: Can FM Nirmala Sitharaman consider these incentives for senior citizens to offer relief

Senior citizens are eagerly anticipating the announcement of tax concessions in the upcoming period. The elderly population is in need of relief as their expenses, particularly on healthcare and living costs, are on the rise.

The STT is a tax imposed on the purchase and sale of stocks and other securities on Indian stock exchanges.
Updated : Dec 31, 2024

Union Budget 2025: PHDCCI asks FM Sitharaman to remove Securities Transaction Tax

In the full Budget 2024, FM Sitharaman announced an increase in the STT rate for equity and index traders from 0.01% to 0.02%. This adjustment will result in traders having to pay twice the amount of tax for their trades.

The Union Budget 2024 maintained the Old Tax Regime while making enhancements to the New Tax Regime to increase its acceptance.
Updated : Dec 31, 2024

Budget 2025: Will the government give some major income tax relief this time?

For Union Budget 2025, representatives from India's industry bodies and economists are advocating for a decrease in personal income tax rates from the Finance Minister.

An HUF is taxed separately from its members, allowing it to claim deductions and exemptions under tax laws independently, including those under Section 80.
Updated : Dec 28, 2024

Budget 2025: Will there be tweaks for Hindu Undivided Families in terms of tax savings?

Personal taxes: The income tax rate for HUFs is the same as for individuals, with an exemption threshold of Rs 2.5 lakh and eligibility for tax benefits under various sections like 80C, 80D, 80G, and others.

Investors have been anticipating FM Sitharaman to streamline the capital gains tax structure by aligning tax rates across various sub-asset classes.
Updated : Dec 27, 2024

Budget 2025: Will FM Nirmala Sitharaman simplify taxation on mutual funds to encourage investment?

The taxation of mutual funds depends on the type of mutual fund (equity and debt) and the duration of the investment. In Budget 2024, the long-term capital gains (LTCG) tax on equity funds has been raised from 10% to 12.5%, while the short-term capital gains (STCG) tax has increased from 15% to 20%.

Under the Old Tax System, tax rates are higher, but various exemptions and deductions are available.
Updated : Dec 27, 2024

Budget 2025: Will the Finance Minister scrap the Old Tax Regime in upcoming budget?

After the presentation of the Union Budget 2024, Finance Minister Nirmala Sitharaman addressed concerns surrounding the old income tax regime, emphasizing that the government has made no final decision.

During a recent meeting, economists recommended to PM Narendra Modi that income tax rates be lowered in order to alleviate the financial strain on citizens.
Updated : Dec 26, 2024

Budget 2025: What tax exemption can FM Sitharaman offer to provide relief to taxpayers

A recent report has stated the Centre is contemplating a reduction in income tax for individuals earning up to Rs 15 lakh per year. This measure is expected to benefit a large number of urban taxpayers.

In 2022, the Centre introduced a 30% tax on earnings from Virtual Digital Assets (VDAs), aligning the cryptos with profits from gambling and lotteries.
Updated : Dec 24, 2024

Union Budget 2025: What cryptocurrency tax reforms can investors this time? Here's what experts feel

Stakeholders are optimistic about the potential reforms that may offer clear guidelines and tax relief for virtual digital assets (VDAs).

FM Niramala Sitharaman may announce enhanced incentives for renewable energy given 500 GW target by 2030.
Updated : Jul 22, 2024

Budget 2024 stocks and expectations for metal, FMCG, infra & real estate sectors

Union Budget 2024 expectations: Markets would be keenly awaiting any adverse changes in the capital gain tax on equities. In case there is no change in capital gain tax it would be considered positive for Indian equity markets, said JM Financial.

Agritech companies have expectations of big announcements for the agriculture sector and farmers
Updated : Jul 19, 2024

Agritech start-ups expect subsidies and incentives for farmers from the Union Budget

Training programmes integrated with rural infrastructure investments for storage, cold chains, and transport networks, etc are crucial for precision farming.

Load More

HOT STOCKS

  • NSE
  • BSE
Most active stocks that’s creating maximum buzz in the share market

TOP VIDEOS

Advertisement