Budget Thread

In new tax regime, tax rate structure to be revised

• 0-3L Zero

• 3-7L 5%

• 7-10L 10%

• 10-12L 15%

• 12-15L 20%

• 15 & above, 30%

Salaried employee in new tax regime will save up to Rs 17,500 in income tax

FM announces changes in new tax regime -- Standard deduction proposed to increased to Rs 75,000 from Rs 50,000

Govt cuts duty on mobiles and accessories to 15%

The Finance Minister stated that the Indian mobile industry has matured and proposed to reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%.

Govt encourages states charging high stamp duty

The Finance Minister announced that states charging high stamp duty will be encouraged to moderate their rates for all. Additionally, further reductions in duties for properties purchased by women will be considered. These measures will also be incorporated as essential components of urban development schemes

Govt's move for women in the workforce

The Finance Minister announced that increasing the participation of women in the workforce will be a priority. This will be facilitated by setting up hostels and creating partnerships to organize women-specific skilling programs.