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It is expected that the budget might take steps to boost spending, including cuts in tax rates
The government is considering measures exceeding ₹50,000 crore in the upcoming budget to boost spending. This includes cuts in tax rates for low-income earners.
BBPS is an RBI initiative and is run by National Payments Corporation of India. It serves as a one-stop ecosystem for all types of bill payments.
As the demand for loans is increasing rapidly in the country, there is no corresponding increase in deposits. This is causing difficulties for banks in lending funds, hence the demand for tax breaks on intererst income.
To boost consumption, income tax rates could be reduced. The aim is to benefit lower income groups, whether salaried individuals or small business owners.
If you are a salaried individual, it's beneficial to wait a little before filing your returns as updated AIS and 26AS would be uploaded on the site
You'll receive the market value of 999 purity gold decided at that time of redemption or pre-mature redemption
Doing additional work and earning is good for financial position but it also needs to be disclosed as income in the ITR
PPF remains the top choice for investors for several benefits like guranteed returns, effective tax saving and accumulation of funds for retirement
Tax planning at the beginning of the year help in saving taxes and lead to higher income