https://www.taxtmi.com/news?id=32432 The Budget grants income tax relief for the salaried class by exempting a broad middle income band and rejigs tax slabs to stimulate consumption, while maintaining existing transaction and capital gains tax treatment. It proposes tax simplification and duty reductions, raises the FDI limit in insurance, and includes measures to support manufacturing, MSMEs, exports and farm incomes. Fiscal policy stays on a consolidation glide path with a modest increase in capital expenditure that market participants found below expectations. en-us Sat, 01 Feb 2025 16:31:03 +0530 Sat, 01 Feb 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32432 The Budget grants income tax relief for the salaried class by exempting a broad middle income band and rejigs tax slabs to stimulate consumption, while maintaining existing transaction and capital gains tax treatment. It proposes tax simplification and duty reductions, raises the FDI limit in insurance, and includes measures to support manufacturing, MSMEs, exports and farm incomes. Fiscal policy stays on a consolidation glide path with a modest increase in capital expenditure that market participants found below expectations. News - Sat, 01 Feb 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=32432