Finance Minister

The existing Income Tax Act has 23 chapters containing 536 sections and 16 schedules. The new Bill with 298 sections and 14 schedules will be more concise the existing act. Once passed in the Parliament, the Bill will come into effect from April 1, 2026

Canadian Minister of Foreign Affairs Melanie Joly announced her decision not to run for the leadership of the Liberal Party of Canada

Days after the Maldives Monetary Authority (MMA) sent a warning letter to the Finance Ministry warning about exhausting usable reserves of the country, the state's usable dollar reserves have actually run out, reported Adhadhu,

FM Nirmala Sitharama busted opposition's 'unfair budget' propaganda, assuring that the budget didn't exclude any state.

In a major relief for the Indian start-up ecosystem, during the budget speech, the Finance Minister announced that “angel tax” for all classes of investors has been abolished.

The revised tax slabs is as follows - Rs 0-3 lakh – nil, Rs 3 - 7 lakh - 5%, Rs 7-10 lakh- 10% , Rs10-12 lakh - 15%, Rs 12-15 lakh - 20% Above Rs 15 lakh - 30%.

During the DMK event, Iniyavan used casteist and misogynist slurs while targeting FM Nirmala Sitaraman. 

The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls. A full budget will be presented by the new government.

Comparative analysis of income tax for various taxable incomes under existing and revised tax structure under new tax regime

The initiative is being launched to commemorate 'Azadi Ka Amrit Mahotsav'. "One-time new small saving scheme under 'Mahila Samman Saving Certificate' will be made available up till March 2025.