Personal finance sector Budget 2021
In the 2019-20 Interim Budget Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers. Making a big populist push in its final budget before elections, the Narendra Modi-government exempted people with an earning of up to Rs 5 lakh from payment of income tax, announced an annual cash dole-out of Rs 6,000 to small farmers and provided a monthly pension of Rs 3,000 to workers in the unorganised sector. Over 3 crore salaried class, pensioners, self-employed and small businesses with total income of up to Rs 5 lakh will save Rs 10,900 in income tax annually after considering the relief Goyal provided in form of a 'rebate'. For those making investments of Rs 1.5 lakh in tax saving instruments, the tax-free income would be Rs 6.5 lakh.
Showing of 0 - 10 from 15 results
Personal Finance Sector 2021 - Total results - 15
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Feb 03, 2021
Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax
Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items -
Feb 03, 2021
Union Budget 2021: Govt focusses on easing pain points for taxpayers in coming fiscal year
In order to make taxation processes faceless, the National Faceless Income Tax Appellate Tribunal Centre shall be established with the facility of personal hearing through videoconferencing. -
Feb 02, 2021
Union Budget 2021: Nirmala Sitharaman offers carrot and stick approach to raise revenue, soothe taxpayers
Taxpayers can also draw solace from the fact that the Budget has reduced the period for issuing tax notices by the department for a particular transaction to four years from seven years earlier -
Feb 01, 2021
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue. -
Feb 01, 2021
Union Budget 2021: Nirmala Sitharaman makes eight tax-related announcements; benefits many
In a post-pandemic year, the government showed a serious intent to establish a tax regime with far-reaching impact -
Feb 01, 2021
Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent. -
Feb 01, 2021
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha -
Feb 01, 2021
Union Budget 2021: Use this income tax calculator to check how much tax you need to pay
As people await the Budget, a key question for many will be how their taxes will be affected -
Jan 31, 2021
Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh
All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic -
Jan 29, 2021
Union Budget 2021: Taxpayers hope for lower income tax, deductions on medical treatment, incentives for WFH
It is worthwhile to note that the major impact of the pandemic is not only on the general public or different sectors but also on the government
