The Interim Budget is presented by the finance minister. While the finance minister of India in 2019 was the Late Mr Arun Jaitley, the previous Interim Budget was presented by Piyush Goyal in lieu of Mr Jaitley’s ill health. Budget 2024: Who Presented Modi Government’s Last Interim Budget? All You Need To Know.
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.
Budget 2024 expectations: In an exclusive conversation with Mint, MobiKwik CEO and Co-founder Bipin Preet Singh pitches for green finance benefits for fintech sector, AI investments to boost penetration, and exclusive licences and rights.
Real estate leaders seek increased tax slabs, revised affordability caps, and incentives in the upcoming budget. They also advocate for expanding the SWAMIH stress fund and reintroducing GST with an input tax credit, industry status, and perks for first-time homebuyers.