Budget 2020: Tax payers confused about which tax slab to follow

Feb 04, 2020

The income tax provisions in the Union Budget 2020 have given taxpayers a bonanza with a caveat. While the income tax slabs have been overhauled with reduced rates, the majority of the deductions have been removed. Tax payers are unsure about which slabs to opt for. Watch the video for more.

Senior Director, Deloitte India on changes proposed in indirect taxes by FM

Feb 02, 2020

R. Muralidharan, Senior Director, Deloitte India decoded the changes proposed by Nirmala Sitharaman in indirect taxes, hailing some of the initiatives. He said there was too much focus on tax compliance. She spoke about GST returns and refunds. He also praised the steps being taken to encourage domestic manufacturers. Watch the video for more.

Budget 2020: FM Sitharaman announces new income tax rates

Feb 01, 2020

Finance Minister Nirmala Sitharaman has announced new income tax rates during the session of Budget 2020. Those earning Rs 5-7.5 lakh would be liable to pay just 10 per cent, while those earning up to Rs 5 lakh in a year would pay no tax. The rates would be significantly reduced for those who forego reliefs, exemptions, Sitharaman said. While the government had announced changes in the tax slabs by raising income tax slabs, those availing these new slabs would not be eligible for rebates and exemptions. "In this new personal income tax regime, income tax rates will be significantly reduced for the individuals who forgo certain exemptions and deductions," the FM said. Watch the video for more.

Budget 2020: Decoding the infrastructure boost

Feb 01, 2020

India will get 100 more airports by 2024 under the UDAN (Ude Desh ka Aam Naagrik) regional connectivity scheme, Finance Minister Nirmala Sitharaman said on Saturday during her Union Budget 2020 speech. Two other major infrastructure announcements included the proposed completion of the Delhi-Mumbai expressway by 2023, and the launch of Chennai-Bengaluru expressway. Sitharaman proposed an outlay of Rs 1.7 lakh crore for transport infrastructure in 2020-21, and Rs 22,000 crore for the power and renewable energy sector. Peeyush Naidu, Partner, Deloitte India analyses FM's infrastructure push.

Budget 2020: The new personal income tax regime explained

Feb 01, 2020

Finance Minister Nirmala Sitharaman has introduced fresh changes in the existing income tax slabs. The new slabs have significantly reduced the taxes for most income brackets. Watch Sudhakar Sethuraman, Partner, Deloitte India, as he explains the new personal income tax regime.

Also watch: Budget 2020: Why skill development is a necessity

Also read: Big blow to NRIs! Modi govt to tax individuals who work in tax-free countries

Piyush Goyal on private investment, stock market fall and way forward

Feb 01, 2020

After the budget presentation, India Today News Director Rahul Kanwal spoke exclusively to Union commerce minister Piyush Goyal about his takeaways from the budget. Watch the video for more.

Also read: Budget 2020: FM Sitharaman pushes for building warehousing on PPP model

Also watch: Budget 2020: The new personal income tax regime explained

Govt has given up on economy, handing out crumbs: Former FM

Feb 01, 2020

Former finance minister P Chidambaram slammed the budget presented by the Modi govt. He stated that the govt had given up on economic revival. He also expressed skepticism about LIC disinvestment calling it debatable. Watch the video for more.

Nirmala Sitharaman explains the changes in income tax regime

Feb 01, 2020

Taxpayers got what they wanted from Union Budget 2020-21. Finance Minister Nirmala Sitharaman announced a "new, simplified tax regime" for individual taxpayers. The new income tax regime comes with lower tax rates. However, around 70 deductions and exemptions, have been withdrawn. Watch Nirmala Sitharaman as she explains the new regime in a press conference post budget presentation.

Budget 2020: Investors will now pay DDT, not companies

Feb 01, 2020

Finance Minister Nirmala Sitharaman in the union budget 2020 has abolished the Dividend Distribution Tax (DDT). The dividend will now be taxed in the hands of shareholders. Watch as Himanshu Patel, Partner, Deloitte India gives us the details.

Also watch:Nirmala Sitharaman explains the changes in income tax regime

Indian business leaders and experts analyse Budget 2020 offerings

Feb 01, 2020

Finance minister Nirmala Sitharaman's budget made several changes in the personal income tax regime while also giving a boost to infrastructure . It also declared that  there would be a policy soon to enable private sector to build data center parks. There were big announcements but experts have raised several questions about whether it would revive the economy. India Today editors and Business Today editor Rajeev Dubey speak to experts and business leaders like Biocon chairperson Kiran Mazumdar Shaw to decode the budget in all its aspects. Watch the video for more.

Key highlights of Economic Survey 2019-20 presented by CEA

Jan 31, 2020

The Economic Survey 2019-20 tabled by the Finance Minister Nirmala Sitharaman on Friday projected growth for the next fiscal starting April 2020-21 at 6 per cent to 6.5 per cent. The pre-budget survey has also retained the growth numbers for the current fiscal at five per cent. Prepared by a team headed by the Chief Economic Advisor Krishnamurthy Subramanian, the survey also stressed on the need to relax fiscal deficit for the current fiscal to revive growth and observed that there an urgent need to remove red tape at ports to promote exports apart from eliminating other business hindrances such as registering property, paying taxes and enforcing contracts. Apart from highlighting the need for wealth to be distributed among all classes, the Economic Survey 2019-20 also highlighted 10 new ideas that could benefit markets and the Indian economy at large. Watch the video for more.