Interim Budget: Healthcare advocates for direct funding to government hospitals, MSMEs eys enhanced production incentives. Maritime sector s key demands includes comprehensive financing policy
Income tax is a key source of revenue for the government and is used to fund public services, infrastructure, and various welfare programs. In India, income tax is typically calculated as a percentage of an individual's or entity's taxable income, and the rates may vary based on the income level and the nature of the income. Budget 2024-25: Key Income Tax Rules That Taxpayers Should Know Ahead of Interim Budget.
According to data released by the statistics ministry on January 5, India s nominal GDP growth for 2023-24 is estimated at 8.9 percent, lower than the 10.5 percent the finance ministry had assumed in this year s Budget.
Even though there is no significant impact of the budget on the Nifty 50 Index, investors are often more active around this time. This generally increases the overall volatility during budget periods