Govt Could Reduce Income Tax Rates in Budget
The New Indian Express Nagapattinam|December 27, 2024
AMID outcry over the growing tax burden on the middle class, the government might reduce income tax rates for individuals earning up to ₹15 lakh a year, according to a report by Reuters.
ENS ECONOMIC BUREAU @ New Delhi

Citing two unnamed sources, the international news agency said the move could benefit tens of millions of taxpayers, especially in the urban areas. The sources, who didn't want to be named, said the government has not decided on the size of any reduction.

A decision would be taken closer to the budget that will be presented in parliament on February 1.

This story is from the December 27, 2024 edition of The New Indian Express Nagapattinam.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 27, 2024 edition of The New Indian Express Nagapattinam.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE NEW INDIAN EXPRESS NAGAPATTINAMView All
The New Indian Express Nagapattinam

Market mechanism debate: Article 6 key to emissions reduction

The 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, concluded amid widespread disappointment and criticism. Though it is considered a failed COP, one part of the compromise deal was the operationalisation of Article 6 of the Paris Agreement.

time-read
4 mins  |
December 28, 2024
The New Indian Express Nagapattinam

Olympic heartbreak and no net gain for badminton

The ever-reliable discipline for India, in terms of providing the thrill & medals at elite competitions, endured a difficult year with some of the top shuttlers struggling for form, writes Anmol Gurung. Missing out on a medal in Paris was a new low...

time-read
3 mins  |
December 28, 2024
The New Indian Express Nagapattinam

Mohammedan play out goalless draw vs Odisha

MOHAMMEDAN SC held Odisha FC to a goalless draw at the Kishore Bharati Krirangan in the Indian Super League (ISL) on Friday to break their five-game-long losing streak in the competition.

time-read
1 min  |
December 28, 2024
The New Indian Express Nagapattinam

Smith regains midas touch

IN many ways, it was coming. From the moment he got that century in Brisbane, Steve Smith seemed like he was going to pile on.

time-read
3 mins  |
December 28, 2024
The New Indian Express Nagapattinam

Six minutes of chaos for India

ASHASVI Jaiswal turned around and looked at Virat Kohli as Alex Carey took the bails off at the striker's end.

time-read
3 mins  |
December 28, 2024
The New Indian Express Nagapattinam

No Extra Pressure for Slot as Liverpool Win

ARNE Slot insists Liverpool's commanding position at the top of the Premier League table has led to no extra strain during his first season in charge at Anfield.

time-read
1 min  |
December 28, 2024
The New Indian Express Nagapattinam

Osamu Suzuki, architect of India's automobile revolution, dies at 94

OSAMU SUZUKI, chairman of Suzuki Motor Corp (SMC), passed away from lymphoma on Wednesday, December 25, 2024, the company announced in a statement on Friday. He was 94.

time-read
1 min  |
December 28, 2024
The New Indian Express Nagapattinam

RBI Allows UPI Access via Third-Party Payment Apps

The Reserve Bank on Friday allowed the popular unified payments interface (UPI) access to prepaid payment instruments (PPIs) through third-party applications, making it easier for users to link their digital wallets to UPI-enabled apps.

time-read
1 min  |
December 28, 2024
The New Indian Express Nagapattinam

UltraTech buys 8.69% stake in Star Cement

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has announced the signing of a definitive agreement to acquire 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd, a joint venture between EQT Infrastructure and Temasek.

time-read
1 min  |
December 28, 2024
The New Indian Express Nagapattinam

Manmohan Singh: The silent Prime Minister or a humane economist?

EXPECTATIONS of Dr Manmohan Singh, the trailblazer of India's new economic policy, is no more. Economists around the world remember him for his brilliance and humility, and predominantly for his role in opening up the state-controlled Indian economy, when he was appointed Finance Minister of India in 1991.

time-read
2 mins  |
December 28, 2024