Tax Relief News - Latest Updates & Headlines
Northern businesses offered compensations for employees missing work due to war
Tel Aviv, March 10: Starting on Monday, business owners from communities evacuated due to the war, business owners in the northern confrontation line area, business owners in the northern Golan Heights defence area, and business owners in additional communities that appear on a list published on the Israel Tax Authority website, will be able to file a claim for compensation in the salary track for the months of November-December 2024.
Tax relief in Budget, RBI repo rate cut should keep domestic demand resilient: Report
New Delhi, March 2: India's domestic demand is expected to remain resilient, supported by the personal income tax concessions announced in the 2025 Union budget and the repo rate cut initiated by the Reserve Bank of India, S&P Global Market Intelligence said in a note.
Tax relief to act as catalyst for Indian quick service restaurant businesses: Goldman Sachs
New Delhi, February 19: The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant (QSR) businesses in India, which has seen the beginning of a cyclical upturn in the October-December quarter, multinational investment banking company Goldman Sachs said.
Income tax relief should not be seen as govt shifting focus from capex: Sitharaman
Mumbai, February 17: Finance Minister Nirmala Sitharaman on Monday clarified that the massive income tax relief given in Budget 2025 doesn't mean that the government has shifted focus to consumption from capital expenditure.
J-K: Foundation for making developed India has been laid in this budget, says Kiren Rijiju
Srinagar, February 15: Union Minister Kiren Rijiju on Saturday said that the 2025-26 Union Budget has laid the foundation for making India a developed nation by 2047.
Tax relief to boost financial savings, consumption for urban Indians: Goldman Sachs
New Delhi, February 3: Multinational investment banking company Goldman Sachs said that the mega tax relief provided for in Budget 2025 will help the urban consumers boost their net household financial savings, besides partly boosting their consumption.
Budget 2025 will set new direction for country's development, says Odisha CM Majhi
Bhubaneswar, February 3: Odisha Chief Minister Mohan Charan Majhi on Sunday termed the Union Budget for the year 2025-26 as "historic" and said that the budget presented by Finance Minister Nirmala Sitharaman will set a new direction for the development of the country.
New tax structure to benefit 5.65 cr taxpayers, will collectively save around Rs 1 L cr in taxes: SBI Report
New Delhi, February 2: The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above.
Assam CM Himanta Sarma welcomes Union Budget 2025, hails tax relief for middle class
New Delhi, February 2: Assam Chief Minister Himanta Biswa Sarma welcomed the provisions in the Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, saying that it has provided significant relief to the middle and lower-middle classes.
Big tax relief to boost disposable income, stimulate consumption: Experts
New Delhi, February 2: Tax experts, industry observers, and banking leaders have lauded the Union Budget 2025-26 for its focus on economic growth, tax relief, and innovation across sectors.
Positive, provides direct benefits for middle class: Rajasthan Minister Rajyavardhan Singh Rathore lauds Union Budget 2025
Jaipur, February 2: Rajasthan's industry and commerce minister Rajyavardhan Singh Rathore on Saturday lauded the Union Budget presented by Finance Minister Nirmala Sitharaman and said that the budget for the year is positive and is a roadmap to fulfilling Prime Minister Narendra Modi's resolve of 'Viksit Bharat.'
Odisha Minister hails Union Budget 2025 for supporting middle class, vision of Viksit Bharat
Bhubaneswar, February 2: Mukesh Mahaling, the Minister for Health and Family Welfare of Odisha, on Saturday expressed gratitude to Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi and said that the Union budget 2025 supports the middle class and will be significant to the resolve of Viksit Bharat.
Union Budget provides big tax relief, push for manufacturing; Congress says Finance Minister walking on worn-out path
New Delhi, February 2: The Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman in Parliament on Saturday, provided major relief to the salaried class with no income tax on an average monthly income of up to Rs one lakh to boost household savings and consumption with the government also giving thrust to four engines of development - agriculture, MSMEs, investment and exports.
PM Modi, union ministers congratulate Sitharaman after budget presentation
New Delhi, February 1: Finance Minister Nirmala Sitharaman, who announced major tax relief for the middle class in the Union Budget 2025-26 apart from other proposals to boost GDP growth, received warm facilitation from BJP members and party's allies soon after her speech with Prime Minister Narendra Modi also congratulating her.
This Budget is for poor, youth, farmers: Haryana CM Saini hails Union Budget
New Delhi, February 1: Haryana Chief Minister Nayab Singh Saini praised the Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, describing it as a "budget for the poor, youth, and farmers" and would "empower women."
Tax exemption up to Rs 12 lakh a booster for consumption-led growth
New Delhi, Feb 1: "Just as living beings live expecting rains, citizens live expecting good governance". With these words, Union Finance Minister Nirmala Sitharaman on Saturday proposed an across-the-board change in tax slabs and rates to benefit all taxpayers, especially the middle class. Approximately Rs 1 lakh crore will be made available in the hands of the taxpayers by virtue of changes in slab, rates and rebate.
Mixed reactions in Himachal over budget: Govt employees welcome tax relief, state government, apple growers express discontent
Shimla, February 1: The Union Budget for the financial year 2025-26, presented by Union Finance Minister Nirmala Sitharaman, has sparked mixed reactions across Himachal Pradesh. While government employees are pleased with the tax relief provisions, apple growers and the state government have expressed deep dissatisfaction, labelling it as an election-oriented budget.
'Reform, perform, Transform': K'taka BJP on Union Budget (Ld)
Bengaluru, Feb 1: Karnataka BJP President B.Y. Vijayendra on Saturday termed the Union Budget as "reform, perform, transform! A budget for Viksit Bharat", adding that this Budget sets the foundation for a "future-ready Bharat, ensuring inclusive growth, economic prosperity, and new opportunities".
Budget 2025: One crore middle-income taxpayers to be out of tax net with raised exemption limit
New Delhi, February 1: One crore middle-income Indian taxpayers will be out of tax net according to announcements in the Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on Saturday.
Budget will strengthen developed, self-reliant India: Rajasthan CM Bhajanlal Sharma
Jaipur, February 1: Rajasthan Chief Minister Bhajanlal Sharma has praised the Union Budget 2025, stating that it will strengthen India's resolve to become a developed and self-reliant nation, by giving the country a clear direction to transform into a global economic power by introducing the concept of 'Make for World' alongside 'Make in India.'
People's Budget: Maharashtra Deputy CM Eknath Shinde
Thane, February 1: Maharashtra Deputy Chief Minister Eknath Shinde praised the Union Budget presented by the Finance Minister, Nirmala Sitharaman, in Lok Sabha on Saturday, calling it a "people's budget" that would lead to prosperity in every household.
Pro-people, progressive Budget: Chandrababu Naidu
Amaravati, Feb 1: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Saturday hailed Union Budget 2025-26, terming it "pro-people" and "progressive".
Parliamentarians hail Union Budget 2025; praise income tax relief for middle class
New Delhi, Feb 1: Parliamentarians lauded the Union Budget 2025, highlighting key provisions aimed at supporting the middle class, boosting infrastructure, and promoting economic growth.
To benefit from income tax relief, you need jobs: Shashi Tharoor takes dig at Budget highlight
New Delhi, February 1: Taking a dig at the Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Saturday, Congress MP Shashi Tharoor said that to benefit from tax exemption, one actually needs an income source.
Budget 2025 for self-reliant India: Union Minister Shivraj Singh Chouhan
New Delhi, February 1: Union Minister Shivraj Singh Chouhan has said that this year's Union Budget is for the formation of self-reliant India and claimed that priority has been given to the agriculture sector and farmers.
Budget 2025 will boost job creation, consumption in Indian economy: Piyush Goyal
New Delhi, February 1: Piyush Goyal, Union Minister for commerce, said the Budget 2025 will boost job creation encompassing all sectors, and it puts fresh impetus towards Viksit Bharat goal.
Provides feel good factor, to encourage spending: Union Minister Hardeep Singh Puri on Union Budget
New Delhi, February 1: Union Minister Hardeep Singh Puri called this year's Union Budget excellent and highlighted the income tax exemption up to Rs 12 lakhs which he said will increase the middle class spending, giving a fillip to the economy.
Defence Minister Rajnath Singh congratulates Finance Minister Nirmala Sitharaman for tax relief
New Delhi, February 1: Defence Minister Rajnath Singh on Saturday congratulated Finance Minister Nirmala Sitharaman for presenting a "wonderful" Budget towards fulfilling the resolve of Prime Minister Narendra Modi.
Middle class is always in PM Modi's heart: Amit Shah congratulates PM, FM after big tax relief
New Delhi, February 1: Union Home Minister Amit Shah on Saturday congratulated Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the 'comprehensive' and 'visionary' budget.
"A big gift for the middle class": Uttarakhand CM Dhami on no tax up to Rs 12 lakh announcement in Union Budget
Dehradun, February 1: Uttarakhand Chief Minister Pushkar Singh Dhami thanked Union Government under the leadership of Prime Minister Narendra Modi for the announcement in the Budget that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class.
Big relief to middle class, No tax on income of upto Rs 12 lakh
New Delhi, February 1: Finance Minister Nirmala Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class.
Union Budget: Lok Sabha adjourned, to meet again on February 3
New Delhi, February 1: The Lok Sabha was adjourned on Saturday following the presentation of the Union Budget by Finance Minister Nirmala Sitharaman. The House will reconvene on February 3 at 11 a.m.
Union Budget: Common people seek tax relief, reduction in fuel prices from central government
Bhopal, February 1: As the Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 today, the common people in Madhya Pradesh's capital Bhopal are expecting policy announcements which brings relief from income tax slabs, reduce in fuel prices and some control over inflation.
Union Budget: Middle class seeks tax relief, youth hope for jobs from Finance Minister
New Delhi, February 1: As the Union Budget 2025-26 approaches, Indians eagerly await policy announcements that will bring relief from income tax slabs, farmers issues and bring positive development in creating job opportunities.
Budget expectations: Cheaper essentials, more Jobs, and tax breaks
Prayagraj, February 1: As the Union Budget 2025-26 is set to be presented on Saturday, many are hoping for policy measures that will bring down prices of daily household items. Additionally, youth are looking for announcements that will create more jobs, while the salaried class is expecting income tax concessions.