Budget 2024: Jackpot waiting for common man... ?
Budget 2024: Jackpot waiting for common man...!? Many changes in taxation are expected to please the common man and middle-class people. Economists believe that Finance minister Nirmala Sitharaman will give many gifts to taxpayers in this budget. Finance minister Nirmala Sitharaman is going to present the budget for this financial year on July 23. The BJP-led nda alliance has formed the government at the center for the third consecutive term. As this is the first budget of the third term, expectations have also increased. It is expected that many changes will be made in the taxation system especially to please the common man and the middle class people. Economists believe that Finance minister Nirmala Sitharaman will give many gifts to taxpayers in this budget. It is also believed that many of their long-standing demands will now be fulfilled. However, there are some doubts regarding this. There is a question of whether the incentives that the finance minister is going to give will be available under the old tax system or the new tax system. There is also an opinion that many new incentives may be given in the new tax system to popularize it as most of the taxpayers are still opting for the old taxation system. It is said that this time the Basic Tax exemption limit may be increased to 5 lakh rupees. If this happens, many taxpayers will get relief. Preparations are underway to introduce several changes in the tax policy. Based on these, interest and interest in this year's budget has increased. What is the Basic Tax Exemption Limit? Individuals earning income within the basic tax exemption limit are not required to pay income tax. According to the existing taxation systems, in the Old Tax Regime, this limit is 2.5 lakh rupees. In the New Tax Regime, it is 3 lakh rupees. In this budget, the government is expected to increase this limit to Rs 5 lakh in both the old and new tax regimes. If this limit is increased, those who have opted for the old system of taxation will get more benefits. Because many exemptions are already given in this tax system. Increasing the basic tax exemption limit will bring more benefits to the taxpayers. This will reduce their taxable income. Deductions and tax incentives are available to those who have opted for the old tax system. In this way, the amount of salary coming in hand will increase. This allows for greater deductions in investments and expenses. Increasing the personal tax exemption limit to 5 lakhs will increase the disposable income of middle-class people. It is reported that this will increase the economic growth. According to personal finance expert Pankaj Medpal, the government is more likely to increase the basic limit to Rs 5 lakh. Experts feel that the increase in the basic tax exemption limit will help the common man to cope with inflation more easily. Over the past few years, the income and savings of the middle class have declined drastically due to inflation and rising prices. In this case, it would be right to increase this limit to provide relief to middle-class taxpayers. Experts believe that there will be no impact on the government's tax collection. One reason for this is that a large share of direct tax collection comes from the highest-income taxpayers. The first term of the Modi government began in 2014. Soon after coming to power, the government gave huge relief to the taxpayers. The basic tax exemption limit has been increased from Rs 2 lakh to Rs 2.5 lakh. But no change was made in the tax bracket for ten years after that. However, it is expected that the government will provide this relief this year.
Find out more:
Pushpa Telugu Movie Review, Rating
పుష్ప తెలుగు సినిమా రివ్యూ ,రేటింగ్
Whatsapp Introduces AI Wallpapers And Prepares For Threaded Replies Feature.
Therapist Shares Six Signs Of Emotional Manipulation To Watch For.
How Will Manchester's Old Trafford Pitch Perform For 4th T20I?
Eat Wisely During Your Period: Beneficial Foods Versus Harmful Meals.
Can It Assist Manipulate Signs Of Thyroid Issues?
Why You Should Drink Anjeer (Fig) Water Every Morning
Natural Methods To Reinforce Your Immune System Day By Day
Why Balanced Play Is Key To Kids' Increase
Amla, Carrot, Beetroot Juice Boosts Immunity, Detox, And Daily Wellness.
Five Fun Yoga Poses For Children To Enhance Attention And Imagination
Suggestions To Defend Your Vision And Hold Healthy Eyesight
How Much Salt Is Too Much?
Can A Smartphone-Shaped Slab Help Lessen Your Screen Time?
8 Wholesome Indian Street Ingredients You May Devour With Out Guilt
Which Has A Higher Protein Content: Clean Or Conventional Whey?
How Rice Water Can Wash Away Your Hair Fall Troubles
Who Is Sabih Khan and Apple’s New CEO Surpasses Jeff Williams.
Nayanthara Documentary Faces Legal Notice?
Studying Abroad How To Manage Your Finances Effectively.
Step-By-Step Guide To Performing Surya Namaskar For Beginners.
The Way To Preserve Your Blanket Clean And Comfy This Monsoon
Steps To Cancel A Deceased Person's Permanent Account Number (PAN).
Link Aadhaar To IRCTC For Tatkal Ticket Booking Easily Online.
Google Launches 'AI Mode' For All Search Users In India.
Alia Bhatt's former personal assistant arrested?!
Indian Coast Guard Hiring 2025:
Stay Hydrated With Nature’s Coolest End Result
Jindal Steel Duqm To Launch Oman’s First Fully Green Metal Plant.
Trans actress Bobby Darling is in depression?!
Farmers Benefit From Free Horticultural Plantations For Enhanced Productivity.
EV Sales In India Increased By 28.6% To 180,238.
Covasant Merges With Kona AI And Dcube To Enhance Agentic AI.
Adani Electricity Whole Rs 4000-Cr Deal For VIPL
Check Name Forwarding Settings On Iphone And Android Devices.
E-SIM Deleted? Here's How To Recover It Step By Step.
Deepika Padukone's demand for an 8-hour work shift?!!
"Restoring Your Esim? Follow This 10-Step Guide For Assistance."
Google Warns Gmail Users To Upgrade Accounts With Passkeys For Security.
You Can Chat Offline Using Bitchat; Will Whatsapp Still Function?
Stay Offline On Instagram; Avoid Friends' Reels And Messages.
Did Pooja Hegde Faced Oops Moment In Gym Dress?
"Want To Go Offline? Hide Your Online Status And Messages."
Abhishek Bachchan's film 'Das' has completed 20 years today!!
Netizen Asks Grok About Pooja Hegde Skin Colour and Grok AI said...
Did Salman Khan hint about marriage?
Whoever Designed This Outfit For Kajal Aggarwal Deserves a Raise
Free Ration Scheme May End; E-KYC Required For Updates.
Government Says Free Ration May End; Names Removed From Cards.
Major Banks Relax Minimum Balance Rules For Low Stability Penalties.
Netizens Drool On Kajal Aggarwal Hotness During Live Chat
Will The 8th Pay Commission Be Implemented For Pensioners' Concerns?
NHB Halts Advance EMI Bills, Providing Relief For Mortgage Borrowers.
Education Loans Available In 15 Days Via Unmarried-Window Machine.
1st -Time ITR Filers: Avoid These 8 Errors To Save Money.
Pooja Hegde Ask Her Fans To Buy This Brand Mobile
UIDAI To Enable Online Aadhaar Updates Starting November 2025.
Files Needed For Aadhaar Card Creation And Updates; See List.
CBSE Launched Compartment Exam Admit Card; Download It Here.
Top 10 Banks, SBI, And PNB Offer Best FD Interest Rates.
Investors Must Understand Loss Policies For Early Fixed Deposit Withdrawal.
RBI Changed Loan Rules; New Policies Effective January 1, 2026.
Indian Astronaut Tells Students How Astronauts Sleep In Space - "We Don't Follow The Sun"
Nipah virus outbreak in Kerala..!?
Hamas raped dead bodies, shot them in their private parts - How Hamas Militants Gang Raped Israeli Victims?
This Hotel In India Earns 8 Crores Per Month - Gives Free Food To...
Samantha with Raj Nidimoru in Detroit, America..!?
17 Drugs You Can Flush Down Toilet
The Enforcement Officers raid actress Aruna's house..!?
This Country is building World's Deadliest Fighter Jet - Will hunt down China's J-36, J-50, even F-22
BJP Fails - Bridge bridge connecting Vadodara and Anand collapsed - Vehicles Fell Below
BJP Corruption At Peak - Rajasthan Road Washed Away Even Before Its Inauguration
AI robot to enter Bigg Boss as a contestant..!?
AI robot to enter Bigg Boss as a contestant..!?
Muslim Woman Complains They Don't Allow Her To Wear Hijab On Morocco Beach
Italian PM Meloni Plans To Issue 500,000 Visas For Non-EU Workers - Sparks Controversy
Bangladesh - Islamist Men Hang Women Effigies and Slap Them With Sandals To Protest Women's Rights Reforms
Old vehicles to be banned again in Delhi from November 1..!?
New tax on India..!? Trump's announcement shocks..!!
Paris - Illegal Migrant Blocks Train, Raises Concerns Over Public Safety and Radical Behavior
Bill Gates dropped out of the world's top 10 richest people..!?
London - Islamists are putting up posters with Quran passages promising men ‘full-breasted maidens’ in paradise
Wimbledon 2025: Carlos Alcaraz's stunning win..!!
Islamists Surround St. Patrick's Cathedral In Melbourne - A Show of Pure Hatred Against Christians?
Can Fatty Liver Bring About Heart Troubles?
High Uric Acid Can Bring About Painful Situations!
New Zealand Native People Protest Against Islamic Immigration - "New Zealand Is Christian"
Cooking Roti Without Delay On LPG Gas Flame – Is It Safe?
Why Must Fatty Liver Sufferers Refrain From Tobacco?
Weight Loss Made Clean: Eight Juices That Burn Fat Rapid
Imam Claims That A Major Sin Woman Can Commit Is To Deny Séx To Her Husband
Why Are Young Human Beings Having Coronary Heart Attacks In Gyms?
Mustard Oil Or Delicate Cooking Oil – Which One Is Healthier?
Is It Good In An Effort To Donate Blood?
One Workout That Will Let You Reduce Your Stomach Fat Effectively!
Why Entire End Result Outshine Juices For Digestive Fitness
Goa Aims For Malaria-Free Status By 2025-26, Says Rane.
UP Enhances Kanwar Yatra 2025 With Zones And Food Safety QR Codes.
India Seeks Uranium Imports From Namibia Ahead Of PM Modi's Visit.
Scheme Provides Free Bus Service For Girls And Transgender Individuals.
Oneplus Nord Wi-Fi And Nord CE 5 Launched In India.
DRDO Offers Six-Month Paid Internships; Apply For Key Information Now.
Delhi Cupboard Approves Rs 900 Crore Bundle For Smart Classrooms
Airports Should Direct Aliens To Earth, Studies Suggest For Landings.
Trump Media Launches Global Streaming Platform Called "Fact+"
Will Bharat Bandh Impact Ola, Uber, Rapido, And In Drive Services?
Bharat Bandh May Disrupt Delhi Metro Services;
Agreement-PM Modi explained how India and Brazil will work!
Trump's decision will make Bangladesh poor..?
Bharat Bandh today, more than 25 crore employees on strike...
Ola Electric's Sales Plunge 45 Percentage In June '25
New Electric Scooter Spotted, Inspired By Unfashionable Vintage Design.
Tata Ace Pro Mini Truck Launched
Earn Big The Usage Of Chats, Links And Organizations
Mahindra Teases Imaginative Vision.X:
Centre Announces Four New Amrit Bharat Trains For Bihar's Railways.
Do Which Humans Must No Longer Eat Eggs?
How Beneficial Is The Intake Of The King Of Spices – Black Pepper?
Should Humans By No Means Eat Beetroot?
Sabudana Bonda Recipe – Step-By-Step Procedure
Mango And Jamun Seeds Are Expensive Online Medicine For Diabetes.
Wet Season Pests? Try These Easy Home Treatments To Eliminate.
Eating Chia Seeds To Relieve Constipation Obviously
Struggling With Stomach Fat In Perimenopause?
Weight Loss Instruct Shares 3 Carbs To Avoid To Burn Stomach Fats
Youtube Blocks Repetitive Video Uploads For Monetization
A Way To Earn Cash From Social Media?
2025 Bajaj Dominar 250 And 400 Launched With Advanced Features.
After 10 Years Of Service, You'll Enjoy Pension And Blessings.
ISS Visible With Indian Astronaut Shubhanshu Shukla;
Your Green Secret To Glowing Skin And Vivid Hair
Nutritionist Calls ‘Curd Water’ Liquid Gold For Your Fitness
Suppose You're Secure From Kidney Stones?
Suppose You Want Health Screenings Best While You're Unwell?
What Is The Importance Of July 9th?
Every Day Horoscope Rasipalan July9,2025
What Social Media Day Is July 9?
July Nine Famous Birthdays Indian
What befell on nine July in India?
What Is The Persona Of Someone Born On July Nine?
Who's getting work-life balance right in 2025?
Big Tension For Modi Govt As India Set To Lose Huge Amount of Money Due to...
Ambani's Big Gift For Middle Class - Bring Old Clothes and... Read all Details
India used special technique to fool Pakistan - US Fighter Pilot Reveals...
Is Pooja Hegde Having The Best Face Card?
Most Spoken Languages in 2025 - Exploring India’s Linguistic Diversity
Pooja Hegde Spill The Beans Again
With Corruption, Reservation, Third Grade Quality Life Indians Prefer To Shift To UAE as Golden Visa is available now!
Srinivasa Ramanujan - Genius or Divine Whisper?
Pooja Hegde Raising Hotness In Tight Black Tops
Can you believe this is actually a Railway Station in China?
Under Modi Rule India Is Just Becoming 90s Bihar Where People Migrated To Other Parts Of Country
Pooja Hegde Will Never Act In Such...
Corruption In Peak Under Modi Rule - Man Tears Month-Old Road By Hand In Maharashtra
Can Outsiders Help Japan People To Have More Babies?
Another One Hit Wonder Coming From Pooja Hegde
London - An Unconventional Meat Transportation Sparks Debate
Dogs are Filthy and 'Haram' In Islam - Canada Residents Spot Several Signs To Keep Dogs Away
Pooja Hegde Changing Gears Again
American Muslim Says There's Nothing Wrong With Cousin Marriage
PM Modi receives a grand welcome in Brazil with 114 horses..!?
Chandramukhi makers shocks Nayanthara..!?
Dhanush's next film with this star director..!?
'India asked to block within an hour', X rejected govt's claim?
Tarak's 'War-2' publicity strategy changes..?!
Death penalty increasing in Saudi Arabia...
'India lost one Rafale because...', CEO rejects Pakistan's claim...?
70 countries will be able to visit China without visa!
Pakistanis exposed Bilawal Bhutto's offer to India...?
Pakistan was publicly humiliated over Operation Sindoor...
US Indian Family Accident: All burnt to ashes in the car...
Trump's Tariffs threat..!!? BRICS response..!?
ISS shines in the sky..!! Delhiites say ‘hi’ to Shubhanshu Shukla..!?
Bumrah is the trump card for India's victory in the 3rd Test..!?
Online Gaming & Betting..!? Karnataka Government Takes Action..!?
Actors Srikanth, Krishna granted conditional bail..!?
Keerthy Suresh's Charisma in Prints..!!
Assam’s Babydoll Archi: The Internet’s Latest Obsession
Bharat Bandh on July 9: What’s Open, What’s Closed
Vijay Deverakonda on Nepotism..!? Who did he refer to?
Upasana 'Sai Baba Vratham' Journey..!?
When will Dhanush's Kuberaa come to OTT..!?
Bharat Bandh On July 9: Will Schools Remain Closed?
While Are The Primary And Last Somvar Vrat?
Whilst Is Sawan Shivratri In 2025?
Ayushman Vehicles: Your Nearest Hospital Transfer Is Just A Call Away.
Must You Drink Espresso When You Have High Blood Strain?
Herbal Supplements That Promote Muscle Growth
A Way To Pick Out Killer Mushrooms During Monsoons
Should You Use A Rubdown Gun For Your Neck?
Excellent 650cc Motorcycles To Degree Up Your Using Competencies
Most-Effective Motorcycles You May Very Own Below Rs 10 Lakh
Renault Bigster 7-Seater Noticed First Time In India:
The Most Ambitious Bollywood Film Of All Time?
Your Essential Guide For Plump, Hydrated Lips.
Scalp Take Care Of Healthy Hair Increase: Crucial Practices And Products
Meta Recruits Apple AI Leader Ruoming Pang For Superintelligence Team.
Indians Can Obtain UAE Golden Visa For Cost Of A Car.
Can A Journey To Shillong Heal Your Mind?
Bigg Boss 19 Premieres August 29, Hosted By Three Presenters.
A Way To Maintain Your Spirits Hovering
Empowering 140+ Indians within and abroad with entertainment, infotainment, credible, independent, issue based journalism oriented latest updates on politics, movies.
India Herald Group of Publishers P LIMITED is MediaTech division of prestigious Kotii Group of Technological Ventures R&D P LIMITED, Which is core purposed to be empowering 760+ crore people across 230+ countries of this wonderful world.
India Herald Group of Publishers P LIMITED is New Generation Online Media Group, which brings wealthy knowledge of information from PRINT media and Candid yet Fluid presentation from electronic media together into digital media space for our users.
With the help of dedicated journalists team of about 450+ years experience; India Herald Group of Publishers Private LIMITED is the first and only true digital online publishing media groups to have such a dedicated team. Dream of empowering over 1300 million Indians across the world to stay connected with their mother land [from Web, Phone, Tablet and other Smart devices] multiplies India Herald Group of Publishers Private LIMITED team energy to bring the best into all our media initiatives such as https://www.indiaherald.com