The Union Budget 2024-25 has brought a significant relief to taxpayers with the increase in the standard deduction. This blog post explains the implications of this change and how taxpayers can benefit from it. Learn how to claim the deduction and stay updated on the latest tax reforms.

In the 2024 budget, Finance Minister Nirmala Sitharaman introduced significant revisions to several critical tax sections, aimed at simplifying the tax regime and encouraging investment. Key changes include modifications to the angel tax provisions, Securities Transaction Tax (STT), Short-Term Capital Gains (STCG), Long-Term Capital Gains (LTCG), and adjustments to income tax slabs. These reforms are expected to have a substantial impact on taxpayers and investors, offering potential benefits and incentives for compliance and investment. This synopsis delves into the detailed changes and their implications for different stakeholders.

July 2024 is shaping up to be a pivotal month for personal finance in India. This blog delves into the 6 key financial changes that could significantly impact your wallet during this time. From the highly anticipated Union Budget announcements to changes in credit card policies and deadlines, it's crucial for individuals to stay informed and plan their finances accordingly. The article covers the potential impact of the Union Budget on tax rebates, medical expense deductions, and pension contributions. It also highlights the importance of meeting the July 31st ITR filing deadline and the implications of missing it. The blog then dives into the details of the Citibank credit card migration to Axis Bank, the ICICI Bank credit card fee changes, the SBI credit card reward points update, and the Paytm wallet closure policy. By providing a comprehensive overview of these financial developments, the blog aims to equip readers with the knowledge and insights needed to navigate the evolving landscape and make informed decisions to optimize their personal finances.

This blog provides an in-depth guide on the Tax Deducted at Source (TDS) rates for the financial year 2023-24 (assessment year 2024-25). It covers the applicable TDS rates for various transactions, threshold limits, and significant updates from the latest budget. The blog also explains the responsibilities of deductors, the importance of TDS certificates, and compliance requirements to help taxpayers, employers, and financial professionals stay informed and compliant.

There are no alterations to the income tax slabs for the upcoming fiscal year, 2024-25 (April 1, 2024 - March 31, 2025), as per the interim budget 2024 presented by Finance Minister Nirmala Sitharaman.

उत्तर प्रदेश के वित्त मंत्री सुरेश कुमार खन्ना ने 5 फरवरी को राज्य विधानसभा के लिए वित्तीय वर्ष 2024-25 के लिए 7.36 करोड़ करोड़ का बजट पेश किया, जो चालू वित्त वर्ष के लिए 6.90 लाख करोड़ से अधिक है।

At the start of her budget speech, Finance Minister Nirmala Sitharaman talked about what the Modi government has achieved and said that the government wants to help the poor.

While maintaining tax rates, Sitharaman provided relief to taxpayers in the Interim Budget for 2024-25 by addressing outstanding petty direct tax demands.

Explore the significant highlights of the Interim Union Budget for the fiscal year 2024-25.

The budget for 2024 is expected to include increased allocations for existing schemes benefiting these groups, and there may also be the introduction of new projects with similar aims.

Think of it as a mini-budget, a sneak peek at the government's spending plans for the upcoming fiscal year.

Expanding AIS data in Budget 2024 could enhance its usefulness for individuals and tax authorities alike.