https://www.taxtmi.com/news?id=32441 The budget reduces personal income taxes by raising the exemption threshold and adjusting tax slabs to lower liabilities for a majority of middle income taxpayers, at the cost of material revenue loss. Revenue shortfalls are to be offset by increased capital expenditure, higher expected dividends from public financial institutions, and adherence to a fiscal consolidation trajectory with a stated fiscal deficit projection. The package pairs tax relief with measures to boost investment and private participation, including higher foreign investment limits in insurance and amendments to enable private investment in nuclear energy. en-us Sat, 01 Feb 2025 17:16:03 +0530 Sat, 01 Feb 2025 17:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32441 The budget reduces personal income taxes by raising the exemption threshold and adjusting tax slabs to lower liabilities for a majority of middle income taxpayers, at the cost of material revenue loss. Revenue shortfalls are to be offset by increased capital expenditure, higher expected dividends from public financial institutions, and adherence to a fiscal consolidation trajectory with a stated fiscal deficit projection. The package pairs tax relief with measures to boost investment and private participation, including higher foreign investment limits in insurance and amendments to enable private investment in nuclear energy. News - Sat, 01 Feb 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=32441