https://www.taxtmi.com/news?id=32348 Income tax relief for the middle class exempts annual income up to a specified threshold and revises tax slabs to boost consumption; tax laws will be simplified and duties on intermediaries reduced while Securities Transaction Tax and capital gains tax remain unchanged. The Budget maintains a fiscal consolidation path with a projected reduction in the fiscal deficit, prioritises efficient deployment of allocated capital expenditure, raises the FDI limit in the insurance sector, and provides enhanced fiscal support for welfare, prompting volatile market reactions. en-us Sat, 01 Feb 2025 14:16:03 +0530 Sat, 01 Feb 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32348 Income tax relief for the middle class exempts annual income up to a specified threshold and revises tax slabs to boost consumption; tax laws will be simplified and duties on intermediaries reduced while Securities Transaction Tax and capital gains tax remain unchanged. The Budget maintains a fiscal consolidation path with a projected reduction in the fiscal deficit, prioritises efficient deployment of allocated capital expenditure, raises the FDI limit in the insurance sector, and provides enhanced fiscal support for welfare, prompting volatile market reactions. News - Sat, 01 Feb 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=32348