S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), on Monday said there is immense potential for growth in India’s power electronics sector and that Production-Linked Incentive (PLI) scheme for electronics components will be implemented soon. Speaking at the Budget Verdict townhall event organised by CNBC-TV18, Krishnan said sustained focus is needed […]
Budget 2025: Salary up to ₹12 lakh won’t be tax free under new regime in these cases – CNBC TV18
Many taxpayers expected income up to ₹12 lakh to be tax-free under Budget 2025 changes. However, not all cases qualify for zero tax. Special rate incomes, such as capital gains, do not get the benefit of the Section 87A rebate. How Section 87A works Under the new tax regime, individuals earning up to ₹12 lakh […]
Budget 2025: An important change to how your ULIPs will be taxed – CNBC TV18
The government has removed the ₹2.5 lakh threshold for taxing unit-linked insurance policies (ULIPs). Starting from April 1, 2026, ULIP returns on premiums exceeding ₹2.5 lakh will be taxed as capital gains. Long-term gains (from policies held for more than a year) will be taxed at 12.5%. Previously, ULIPs were taxed as income from other […]
Income tax calculator | You will save ₹1.1 lakh if your income is ₹25 lakh in the new tax regime – CNBC TV18
Budget 2025: Finance Minister Nirmala Sitharaman announced that there will be no income tax on people’s earnings up to ₹12 lakh. This means individuals earning ₹25 lakh can save up to ₹1.1 lakh under the new regime. After the revision, taxpayers earning up to ₹12 lakh will now be exempt from income tax. For salaried […]
Economic survey 2025: Government should get out of the way of business, says India’s Chief Economic Advisor – CNBC TV18
If the latest annual economic survey is a hint, then budget 2025 may attempt deregulation at scale. Deregulation is used to describe the reducing or eliminating government interference or control over one or more industries. “Getting out of the way and allowing businesses to focus on their core mission is a significant contribution that governments […]
Budget 2025: Experts push for standard deduction hike amid inflation woes – CNBC TV18
As the Union Budget approaches on February 1, 2025, salaried taxpayers are eagerly awaiting potential changes to the standard deduction. Experts believe the government could raise the limit under the new tax regime, providing much-needed relief amid rising inflation. So, what is the standard deduction? The standard deduction allows salaried individuals to deduct a fixed […]