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Will the Union Budget 2024 fuel India's growth trajectory? Expectations are high for increased tax slabs, a hike in the standard deduction limit, and continued focus on infrastructure. Check out our flyer for a deeper dive into what to expect from an income tax and gst/customs perspective! #UnionBudget2024 #BudgetExpectations #IndianEconomy #FinanceMinister #TaxRelief

Tax incentives, GST reforms, and an added emphasis on boosting affordable housing are some of the considerations anticipated from the upcoming Union Budget 2025. The right measures and streamlined processes will stimulate the sector’s growth and boost higher investments, thereby propelling Indian real estate towards its ambitious 2030 goal of being valued at USD 1 trillion. Badal Yagnik shares his expectations with The Hindu Learn more - https://ow.ly/Z4hP50UNE6t #ColliersIndia #IndiaRealEstate #UnionBudget2025 #taxincentives #budgetexpectations #GSTreforms #housingdemand

Feeling the pinch of those endless taxes? Absolutely spot-on article:- Middle class tax payers are being looted in this country and no amenities are given at all for all the taxpayers. Situation of indian salary class, so called backbone of economy suffering.. because its not a vote bank for parties.. pay tax on income, purchase and everything you do but dont ask anything from govt. Just read the heading and sub-heading. #budget2024 #Indianeconomy

The marvellous post-Covid recovery and robust tax collections, with a decadal high of 11.8 per cent tax-to-GDP, bear testament to the ceremonious approach of tax administrations in India, towards synthesizing tax as a superpower for all-inclusive growth. #Budget2024 banks on the same spirit to deliver a definitive edge to #taxcertainty and effective resolution of #disputes. We, at BMR Legal Advocates are pleased to share that a column titled, ‘Union Budget 2024: A commitment to tax certainty’, authored by our Partner, Mukesh Butani has been published by Business Standard. The column analyses the nuances of the Vivaad se Vishwas 2024 scheme, other intricate measures to accentuate the resolution of tax disputes and ease of compliances, and assays a fine print of the other important tax announcements in the Budget. The article may be accessed here: https://lnkd.in/gb6HbPBt #businessstandard #BMRBudget2024 #indiabudget #budget2024 #taxcertainty #taxdisputes #vivaadsevishwas #indianeconomy

FY 2023-24: Direct Tax Collections Reach ₹19.58 Lakh Cr EP Briefs | The Economic Post | The Economic Club of India In FY 2023-24, the Union Budget initially projected Direct Tax revenue at ₹18.23 lakh crore, later revised to ₹19.45 lakh crore. The provisional collections surpassed the revised estimates by 0.67% and the original budget estimates by 7.40%. #Indianeconomy #directtax #UnionBudget | Catch the day's latest news here ➟ https://lnkd.in/eQHK3kM5

Union Budget 2025: New Income Tax Slabs Announced The Indian government has introduced a revised income tax structure in the Union Budget 2025, aiming to provide relief to the middle class and encourage economic growth. Here are the new tax slabs: • ₹0 to ₹4 lakh – 0% • ₹4 to ₹8 lakh – 5% • ₹8 to ₹12 lakh – 10% • ₹12 to ₹16 lakh – 15% • ₹16 to ₹20 lakh – 20% • ₹20 to ₹24 lakh – 25% • Above ₹24 lakh – 30% This adjustment is expected to enhance disposable income and drive consumer spending. What are your thoughts on these changes? Do you think they will have a positive impact on the economy? #UnionBudget2025 #IncomeTax #TaxSlabs #Economy #Finance #Budget2025

As India anticipates the Union Budget 2024, individual taxpayers hope for relief amidst rising personal income tax collections. With personal tax receipts (₹10.44 lakh crore) surpassing corporate taxes (₹9.11 lakh crore) in FY 2023-24, the burden on individuals is clear. Industry leaders are calling for change: Tax expert Rajesh Sharma suggests raising deduction limits, financial analyst Priya Mehta advocates for a simplified, investment-friendly tax structure, and economic consultant Amit Patel notes the need for better social benefits to justify high taxation. As Budget Day approaches, the question remains: Will Finance Minister Nirmala Sitharaman address these concerns and provide the relief taxpayers seek? Industry leaders have shared their insights in the article on the link below: https://lnkd.in/dJhtrqPP Nishant Sinsinwar Sunil David Nirav Choksi Anil Joshi Unicorn India Ventures MANOJ KUMAR AGARWAL seafund Team Marksmen Network Marksmen Daily Aakash Tiwari Rajesh Khubchandani Karan Karayi Sharad Gupta #Budget2024 #IndianEconomy #Taxation

Uncover the journey of India's rupee with our latest insights from Union Budget 2024! Breakdown of Revenue: - 27% from borrowings & liabilities - 19% from income tax - 18% from GST & other taxes Allocation of Expenditure: - 21% to states' share of taxes & duties - 19% to interest payments - 16% to central sector schemes Stay updated and enhance your knowledge of the budget with our expert analysis!  Varun Rajda | Sadashiva NT | Dheeraj Khanna | Pratik Mehta | Harshal Mehta | Drashti Savla Furia #IndiaBudget #Economy #FinancialInsights #ConstellationBlu

Only 2% of Indians pay personal income tax, mostly from the middle class. In my opinion, the government should waive income tax up to 1 crore in a financial year. People would spend/invest this extra money in the economy and pay GST/capital gains as tax. This would boost the economy and help us reach a $30 trillion economy sooner. When taxpayers increase to more than 10% of the population, tax rules can be changed. #IncomeTax