Tax Rationalization Efforts over the Years
- No tax liability for income upto Rs 7 lakh, up from Rs 2.2 lakh in FY 2013-14
- Presumptive taxation threshold for retail businesses increased to Rs 3 crore from Rs 2 crore
- Presumptive taxation threshold for professionals increased to Rs 75 lakh from Rs 50 lakh
- Corporate income tax decreased to 22% from 30% for existing domestic companies
- Corporate income tax rate at 15% for new manufacturing companies ....
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Budget 2024-25
- 1 Budget at a Glace (Important Macro-indicators)
- 2 Social Justice
- 3 ‘Garib Kalyan, Desh ka Kalyan’
- 4 Welfare of ‘Annadata’
- 5 Momentum for Nari Shakti
- 6 Empowering Youth (Amrit Peedhi)
- 7 PM Awas Yojana (Grameen)
- 8 Ayushman Bharat
- 9 Rooftop Solarization and ‘Muft Bijli’
- 10 Agriculture and Food Processing
