FM Sitharaman said the effective capital expenditure in FY’26 is ₹15.48 lakh crore, which is 4.3 per cent of GDP. The fiscal deficit target is 4.4 per cent of the GDP for next fiscal.
2 min read11 Feb 2025The Union budget presented on 1 February made income up to ₹12 lakh tax-free, up from ₹7 lakh earlier. Factoring in the standard deduction of ₹75,000 for the salaried class, an income up to ₹12.75 lakh will be tax-free.
2 min read4 Feb 2025Capital goods stocks rallied 3.29% on February 4, following a downturn after the Union Budget 2025. Despite this, the index remains down 8.71% year-to-date, with concerns over slower capex allocations impacting market sentiment.
3 min read4 Feb 2025Debt mutual funds bought after April 2023 fall under Section 50AA and are eligible for tax rebates, but units bought before that don’t qualify.
4 min read4 Feb 2025The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, and spending.
4 min read4 Feb 2025While the 2025 Union Budget’s tax relief is expected to aid sectors like automobiles, Nomura cautions that the benefits might be limited, as 60% of tax filers do not pay taxes. Rural demand and capital expenditure are projected to positively influence vehicle sales.
3 min read4 Feb 2025Union Budget 2025 proposed an increase in the income tax exemption limit to ₹12 lakh and an increase in the TDS threshold on interest from fixed deposits for general (non-senior) citizens from ₹40,000 to ₹50,000 per financial year.
1 min read3 Feb 2025Although the Indian markets ended today’s trading session in the red, with Nifty 50 and Sensex losing 0.50% of their value, they both ended positively in the majority of post-budget sessions.
3 min read3 Feb 2025DFS secretary M Nagaraju said on Monday that the insurance reforms bill would be introduced in the ongoing budget session of parliament.
7 min read3 Feb 2025Budgets usually witness a few days of number-crunching and reading the fine print, before markets settle down. In this case, the new Income Tax Act is yet to be known, and RBI’s interest rate decision is awaited.
7 min read3 Feb 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared