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The Standard Deduction from salary income has also been increased from Rs. 50,000 to Rs. 75,000 under the New Tax Regime.
Updated : Jul 25, 2024

Budget 2024: Did the Union Budget 2024 of Modi 3.0 bring cheers to Aam Aadmi?

India currently operates under two tax regimes, with the government promoting the New Tax Regime. The recent Budget 2024 has introduced certain tax benefits that are exclusive to those who choose the New Tax Regime. Changes in slab rates have been implemented to offer tax advantages in the New Tax Regime.

With more than 7 million artisans and more than 3,000 craft forms, India has the potential to make this sector a multi-billion-dollar industry
Updated : Mar 22, 2023

Design in Amrit Kaal: What Budget 2023 has for this sector

The Union Budget 2023 has rightly recognised the potential of the creativity and contribution of our traditional craftsmen and artisans in the overall socio-economic growth and development of India

The Budget 2023 has huge ramifications for India’s gaming industry. Here’s how the impact can unfold
Updated : Feb 21, 2023

Budget 2023 – Is gaming no longer easy?

The Budget 2023 has huge ramifications for India’s gaming industry. Here’s how the impact can unfold

The Budget 2023 saw some major hits with the limiting of surcharge to 25 per cent for high-income earners and revised slab rates in the CTR
Updated : Feb 03, 2023

Budget 2023: Here’s what the individual tax changes mean

The Budget 2023 saw some major hits with the limiting of surcharge to 25 per cent for high-income earners and revised slab rates in the CTR. However, in the proposed CTR, deductions for various tax savings instruments under section 80C, health insurance under section 80D etc. have not been considered

Online gaming platforms would have to factor the new amendment while distributing winnings to the users. Further, one would have to wait for the computation mechanism to be prescribed for computing the ‘net winnings’
Updated : Feb 03, 2023

Online Gamers to watch out for new TDS, income tax provisions on winnings

Online gaming platforms would have to factor the new amendment while distributing winnings to the users. Further, one would have to wait for the computation mechanism to be prescribed for computing the ‘net winnings’

In one fell swoop, Nirmala Sitharaman, during Budget 2023 today, changed the old income tax regime, making it more simplified. Here’s how the two regimes differ from each other
Updated : Feb 01, 2023

New income tax regime vs old tax regime: Here’s how the two differ from each other

In one fell swoop, Nirmala Sitharaman, during Budget 2023 today, changed the old income tax regime, making it more simplified. Here’s how the two regimes differ from each other

The pharma sector is hoping to see policy and regulatory changes that will help the industry meet the country’s objective of achieving healthcare for all
Updated : Feb 01, 2023

Budget 2023: ‘Healthcare for all’ should be the govt’s mantra

The pharma sector is hoping to see policy and regulatory changes that will help the industry meet the country’s objective of achieving healthcare for all

At just over 2 per cent of the GDP, India’s public healthcare spending is woefully insufficient. We hope that in the upcoming Budget, the allocation for public health will be substantially increased and eventually reaches 2.5 per cent of GDP
Updated : Feb 01, 2023

Budget 2023: Threatened by pandemic, India’s healthcare still needs renewed focus

At just over 2 per cent of the GDP, India’s public healthcare spending is woefully insufficient. We hope that in the upcoming Budget, the allocation for public health will be substantially increased and eventually reaches 2.5 per cent of GDP

The healthcare sector, particularly the public sector, still faces barriers, despite being one of the world's best. The Budget is an apt time to fix the loopholes
Updated : Feb 01, 2023

Budget 2023: A new vision for India’s healthcare is needed; will the govt rise to the occasion?

The healthcare sector, particularly the public sector, still faces barriers, despite being one of the world's best. The Budget is an apt time to fix the loopholes

Government will have to support further augmentation of agri supply chain through infrastructure development, introduction of technological solutions as well as improve ease of doing business
Updated : Feb 01, 2023

Budget 2023: Food and agribusiness is crucial to India’s growth; here’s what Nirmala Sitharaman should do

Government will have to support further augmentation of agri supply chain through infrastructure development, introduction of technological solutions as well as improve ease of doing business

India is not only young nation, its greatest asset is its demographic dividend. The Budget should recognise and reward this
Updated : Feb 01, 2023

From skilling to modern labour force: Here’s how Budget 2023 can unlock talent in India

India is not only young nation, its greatest asset is its demographic dividend. The Budget should recognise and reward this

The insurance industry is going to play an instrumental role in making India a $5 trillion economy as it will help insulate the economy from various risks and losses. It is imperative, therefore, that the Budget gives a focus on this important sector
Updated : Feb 01, 2023

Budget 2023: Insurance sector key to India’s $5 trillion economy dream, govt should focus on this industry

The insurance industry is going to play an instrumental role in making India a $5 trillion economy as it will help insulate the economy from various risks and losses. It is imperative, therefore, that the Budget gives a focus on this important sector

NBFCs (Non-Banking Financial Companies) in India are expecting the Budget to provide relief in the form of exemptions, liquidity support and other measures to help them tide over the current economic crisis slowly gripping the entire world
Updated : Feb 01, 2023

Budget 2023: NBFCs want govt to provide exemptions, liquidity support

NBFCs (Non-Banking Financial Companies) in India are expecting the Budget to provide relief in the form of exemptions, liquidity support and other measures to help them tide over the current economic crisis slowly gripping the entire world

Proceeds of the pension or annuity should be made tax-free in the hands of the customer or to allow deduction for the principal component
Updated : Feb 01, 2023

Budget 2023: India can become a ‘pension society’; here’s how

Proceeds of the pension or annuity should be made tax-free in the hands of the customer or to allow deduction for the principal component

The crypto ecosystem is looking forward to the 2023-24 union budget with hope amidst uncertain times
Updated : Feb 01, 2023

Budget 2023-24: India’s crypto ecosystem is crying out for urgent intervention

The crypto ecosystem is looking forward to the 2023-24 union budget with hope amidst uncertain times

To keep India’s tech growth intact and leverage this upward movement to the maximum, it is imperative for stakeholders to adopt out-of-the-box measures that reflect the increased sources of growth in the consumer durables and electronics sector
Updated : Feb 01, 2023

Union Budget 2023 may bring hope for India’s smartphone industry; here’s why

To keep India’s tech growth intact and leverage this upward movement to the maximum, it is imperative for stakeholders to adopt out-of-the-box measures that reflect the increased sources of growth in the consumer durables and electronics sector

The infrastructure sector will expect similar push if not greater in the upcoming Budget to keep India on track to achieve its aim of becoming $5 trillion economy by 2025
Updated : Feb 01, 2023

India’s dream to become $5 trillion economy: Budget should focus on infrastructure push

The infrastructure sector will expect similar push if not greater in the upcoming Budget to keep India on track to achieve its aim of becoming $5 trillion economy by 2025

Providing a higher tax shield on R&D spend will incentivise the manufacturers to invest in the localisation of the supply chain and develop products that are more suitable for Indian operating conditions
Updated : Feb 01, 2023

Budget 2023: Here’s how India can create a self-sustaining EV ecosystem

Providing a higher tax shield on R&D spend will incentivise the manufacturers to invest in the localisation of the supply chain and develop products that are more suitable for Indian operating conditions

There’s room for optimism that India will chart reasonably strong growth this year and the next. But that will also require targeted policy intervention to keep economic headwinds under control
Updated : Feb 01, 2023

Budget 2023: Strong global headwinds can threaten Indian economy; here’s what can be done

There’s room for optimism that India will chart reasonably strong growth this year and the next. But that will also require targeted policy intervention to keep economic headwinds under control

With climate risks growing bigger, and the window to prevent catastrophic consequences shrinking, it is perhaps time that climate change imperatives become even more integral to the annual budgeting exercise from hereon
Updated : Feb 01, 2023

Budget 2023: Will climate change feature in FM Nirmala Sitharaman’s speech?

With climate risks growing bigger, and the window to prevent catastrophic consequences shrinking, it is perhaps time that climate change imperatives become even more integral to the annual budgeting exercise from hereon

Budget 2023: Here's what the BFSI sector can expect from FM Nirmala Sitharaman
Updated : Jan 30, 2023

Budget 2023: Here's what the BFSI sector can expect from FM Nirmala Sitharaman

The upcoming Budget is likely to boost rural/agri spending by $10 billion, a growth of 15 per cent over FY23, and maintain double-digit 20 per cent growth in public capex over the current fiscal.

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