Fri, Oct 25, 2024
A limit applicable to loans for SMEs under the 'Tarun' category of the PM Mudra scheme has been doubled to Rs 20 lakh. The decision was announced by the finance minister in her Union Budget 2024 speech on July 23. Under Pradhan Mantri Mudra Yojana, the higher limit of Rs 20 lakh under the Tarun Plus category will be provided to entrepreneurs who have already serviced their loans under the Tarun category earlier, according to a Ministry of Finance notification. Here are 10 things to know about this big development.
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Thu, Sep 26, 2024
The central government has announced it will borrow Rs 6.61 lakh crore from October to March, which translates to 47.2 per cent of its total borrowing target for FY25 as set in the Union Budget. These borrowings will be done through dated securities, and the program has been finalised in consultation with the RBI.
Wed, Aug 07, 2024
Changing trends in MSME sector after the budget? What will be the impact of the budget in Tirupur-Ludhiana? How much support from Credit Guarantee Scheme? Will expansion of SIDBI be helpful? Will there be changes from skilling ecosystem? What are the possibilities for entrepreneurs from e-commerce? Discussion with industry on MSME sector. See...'SME Express'
Tue, Jan 16, 2024
Investment in National Pension System, or National Pension Scheme (NPS), is an effective tool which helps you create a huge retirement corpus. But at the same time, it can help you save significant income tax under Section 80C of the Income Tax Act. And not just in one, but in three different ways. Know how you can get the benefit.
Mon, Jan 15, 2024
While giving investment proof to the Income Tax Department, some people submit fake rent agreement and rent receipts to save more tax. If you are also thinking of doing something like this. Beware! The Income Tax Department can catch you through this way-
Budget 2024: The Indian government is considering a mandatory national minimum wage hike, potentially impacting 500 million workers. The move comes as the current floor wage (Rs 176/day, set in 2017) is seen as inadequate due to rising living costs and inflation. The new wage, if implemented, would be mandatory across states and could arrive before the upcoming April-May general elections. Experts are balancing affordability for employers with the need to address workers' concerns.
In a taxpayer-friendly move, the Modi government may make minor changes in the new tax regime in Budget 2024. The government is considering increasing the existing tax exemption. The current tax exemption in the new tax regime is Rs 7 lakh. This can be increased to Rs 7.5 lakh.
Budget 2024: In an exclusive interview with Zee Business, Chirag Jain - Partner, Agriculture, Grant Thornton Bharat, shares valuable insights on the upcoming Union Budget. Key topics include the focus on agriculture with a Rs 1.25 lakh crore allocation, MSP for specific crops, achieving self-reliance in India-made fertilizers, and targeted areas for government emphasis like crop diversification, input-output ratio, innovation, technology, and processing units. The interview sheds light on addressing the often overlooked role of women in farming through initiatives like the Lakhpati Didi Yojana.
Sun, Jan 14, 2024
Union Budget 2024: It is not uncommon in interim budgets to grant certain benefits to common man, by expanding the slab rates or granting a standard deduction, keeping in view the raising living costs.
The upcoming Union Budget will present an invaluable opportunity to address the evolving needs of the education sector and will provide the country with a peek into what future growth entails.
Fri, Jan 12, 2024
Fixed Deposit (FD) is a popular investment option among investors since it provides guaranteed returns and keeps them away from market risks. But not only an FD can be an option for fixed income, it can provide you the benefit of tax exemption. But all FDs are not tax exempted. Know how you can save tax through FDs.
Budget 2024: In 2020, Union Finance Minister Nirmala Sitharaman broke her record of making the longest-ever budget address.
Budget Aur Market: There should be no announcement of new taxes in the budget... No new announcement is expected in the interim budget... Budget should be a non-event for market investors: Dinshaw Irani
Budget 2024: Anirudh Garg, Partner and Fund Manager at INVAsset, PMS, believes that there are promising expectations for substantial shifts in capital expenditure (capex) allocation, with a specific focus on the infrastructure sector.
Thu, Jan 11, 2024
President Droupadi Murmu will address both houses on the opening day, according to sources.
Wed, Jan 10, 2024
An official said the tulips are expected to be in bloom when the Parliament convenes for the upcoming Budget Session.
Tue, Jan 09, 2024
The thought of getting a Section 143 (1) income tax notice for wrong information provided in the income tax return (ITR) may make you worried. While it is a document that shows that the Income Tax (I-T) Department might have caught you on the wrong foot, you don't need to panic about it. You just need to know the right procedure to deal with it. Know what you need to tell the taxman if you have received an income tax notice.
Mon, Jan 08, 2024
Section 80C of the Income Tax Act allows us to save tax up to Rs 1.50 lakh if we have made investments in schemes such as Life Insurance (LIC), National Pension Scheme (NPS) or Public Provident Fund (PPF). But if we don't have investments in the schemes under Section 80C, we may have to pay heavy taxes under the old tax regime. However, if you include these seven allowances in your salary at the time of joining the organisation or sometime midway, you can save a lot of tax. Know how!
Budget 2024: In an exclusive interview with Zee Business, Akhil Chandna - Partner & National Leader, GMS, Grant Thornton Bharat, shares insights on potential tax rebates in the upcoming budget. He highlights past budget incentives like and suggests future changes may focus on the new tax regime. Watch to know tax rebates Chandna believes government should focus on.
Fri, Jan 05, 2024
Finance Minister Sitharaman delivers her sixth budget, but it's not quite what it seems. This video explains the unique role of the interim budget, its pros and cons, and why understanding it matters. Learn the difference between bridge and game-changer in India's financial year!
Mon, Jan 01, 2024
If you had mistakenly filed ITR in the new tax regime in 2023 and were not able to avail tax exemption, etc., can you switch to the old tax regime this year. Or, the new tax regime will become your default tax setting. Know what rules say and what options you have.
Sun, Dec 31, 2023
The Union Budget presentation in India takes place on February 1, but this hasn't always been the case. Learn about the recent shift from the last working day of February and the earlier 5 pm tradition, along with the practical reasons behind the changes.
Fri, Dec 29, 2023
In an exclusive interview with Zee Business, Nishit Master, Portfolio Manager at Axis Securities talks about how stock market will fare in the coming days, what one should look forward to in the Interim Budget 2024, the hits & misses of the Modi 2.0 Government, and one theme that can emerge as a dark horse over the next few years.
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