Union Budget News

Budget 2025: Govt Plans to Phase Out Old Tax Regime

20 January 2025 at 08:48

In the upcoming Budget for FY26, Finance Minister Nirmala Sitharaman is expected to announce a roadmap for the gradual phasing out of the old personal income tax regime over the next few years.

Posted in Union Budget | 14034 Views

Govt Considers Personal Tax Relief in Budget 2025 to Boost Consumption

20 January 2025 at 08:48

As the Union Budget 2025 approaches, growing expectations suggest that the government is actively considering personal tax relief measures aimed at boosting consumption and accelerating economic recovery.

Posted in Union Budget | 2205 Views

EV Industry Seeks GST Cut on Batteries & Infrastructure Status for Charging Stations in Upcoming Budget

20 January 2025 at 08:48

The Electric Vehicle (EV) industry is calling on the government to slash the GST on EV batteries from the current 18% to 5%, aligning it with the GST rate applied to electric vehicles.

Posted in Union Budget | 861 Views

Budget 2025: New Income Tax Law and Expectations

20 January 2025 at 08:48

The upcoming Budget 2025 session of Parliament is set to witness the introduction of a brand-new Income Tax Bill, aimed at simplifying the decades-old Income Tax Act of 1961. A

Posted in Union Budget | 4059 Views

Budget 2025: Tax Relief for Salaried Class and MSMEs Expected to Boost Economy

18 January 2025 at 07:54

As the Union Budget 2025-26 approaches, tax experts and stakeholders are urging the government to address key concerns of the salaried class and Micro, Small, and Medium Enterprises (MSMEs) to drive consumption, investment, and economic growth.

Posted in Union Budget | 1920 Views

Union Budget 2025: Insurance Industry Seeks Reforms, Tax Incentives and Capital Infusion for Growth

17 January 2025 at 09:01

The insurance sector is eagerly anticipating the Union Budget 2025, with expectations of significant amendments to the Insurance Act and key tax exemptions aimed at boosting health and protection insurance adoption.

Posted in Union Budget | 1575 Views

CREDAI Seeks 15% Income Tax for Affordable Housing in Budget 2025

17 January 2025 at 08:55

The Confederation of Real Estate Developers' Associations of India (CREDAI), representing over 13,000 developers, has urged the government to introduce a fixed 15% income tax rate for affordable housing projects in the upcoming Union Budget 2025.

Posted in Union Budget | 474 Views

Budget 2025: EV Industry Seeks GST Simplification and Incentives

13 January 2025 at 08:46

As Union Budget 2025 approaches, the electric vehicle (EV) industry has high hopes for policy changes to accelerate India's EV adoption and manufacturing capabilities.

Posted in Union Budget | 1596 Views

NRAI Urges Govt Support to Boost India's Restaurant Industry in Union Budget 2025-26

11 January 2025 at 09:01

The National Restaurant Association of India (NRAI) has appealed to FM Nirmala Sitharaman to include targeted reforms and incentives for the restaurant sector in the Union Budget 2025-26.

Posted in Union Budget | 453 Views

Union Budget 2025-26: CII Recommends 25% Hike in Public Capex and Tax Relief for Middle Class

11 January 2025 at 08:59

The Confederation of Indian Industry (CII) has urged the Union government to increase capital expenditure by 25% in FY26 while adhering to the fiscal glide path.

Posted in Union Budget | 423 Views