India Budget 2025 Tax Changes. India Budget 2025 Highlights Austin Carr Benefits for startups The Union Budget 2025 has extended the benefit of Section 80-IAC of the Income Tax Act, 1961, until 2030, a move set to provide a significant boost to India's startup ecosystem. Additionally, tax rates for incomes above this threshold have been reduced.
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Central measures include revised tax structures for incomes up to Rs.12 lakh, modified farm credit limits to Rs.5 lakh, and changes to medical education with 10,000 new seats. Benefits for startups The Union Budget 2025 has extended the benefit of Section 80-IAC of the Income Tax Act, 1961, until 2030, a move set to provide a significant boost to India's startup ecosystem.
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The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent over the current fiscal Get Union Budget 2024 Highlights, Summary and Latest News Updates on Budget Allocation, new tax regime, old tax regime, Income Tax Slab Changes and Much More. Delighted to present the EY Budget 2025 Alert, a comprehensive guide to the pivotal tax and policy changes proposed in the Union Budget 2025
Budget Highlights 2024 Tax Nirmala Sitharaman announces revised tax structure under new. It had themaximum financial impact on all individuals has been made in the Budget 2025, promoting them to apply for new scheme. This year's budget projects a Gross Tax Revenue growth of 10.8% and prioritizes capital expenditure with an allocation of INR 11.2 lakh crore for infrastructure, underscoring the government's dedication to strengthening our economic infrastructure.
India Budget 2025 Date Barbi Madlen. The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent over the current fiscal Income Tax Reforms: In a significant move to enhance the spending power of the salaried middle class, the government has raised the income tax exemption threshold from ₹7 lakh to ₹12 lakh (approximately $8,074 to $14,800)