Intentar ORO - Gratis
Relief Finally for Inflation-Hit Middle Class Taxpayers
The New Indian Express Sambalpur
|February 02, 2025
The inflation-battered middle class, which desperately pinned hopes on Union Finance minister Nirmala Sitharaman for income tax (IT) relief, was left elated with the extent of exemptions announced in the Union Budget.
City-based banker Abhisek Mohapatra said, for the first time, the budget day actually brought good news for the salaried class. "Tax relaxation had not happened for years. It is evident that a majority of the people belong to the income slab below ₹12 lakh and they would now be exempted. The new slabs will contribute to more disposable income. Both savings and expenditure will also go up. The salaried class above ₹12 lakh income will also benefit as their IT slabs have been lowered," he added.
Esta historia es de la edición February 02, 2025 de The New Indian Express Sambalpur.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The New Indian Express Sambalpur
The New Indian Express Sambalpur
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar’s Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The New Indian Express Sambalpur
Sebi chief seeks CAs’ help for robust market system
SEBI chairman Tuhin Kanta Pandey has sought active cooperation of chartered accounts (CAs) to build a stronger financial market architecture with standardised complex valuations by ensuring that price assumptions are consistent, transparent, and welldocumented.
1 min
December 14, 2025
The New Indian Express Sambalpur
Allahabad HC sets aside maintenance order in favour of working wife
THE Allahabad HC has set aside an order passed by a lower court of Gautam Buddh Nagar mandating a man to pay maintenance to his estranged wife.
1 mins
December 14, 2025
The New Indian Express Sambalpur
The Wars Behind the War
Even before the first shots of 1971 were fired, India was quietly arming and training the Mukti Bahini as Pakistani troops unleashed a campaign of rape and mass murder across East Bengal. With the US firmly backing Pakistan, Indira Gandhi openly cocked a snook at Washington—turning diplomacy into defiance and resolve into battle
6 mins
December 14, 2025
The New Indian Express Sambalpur
Tax dept intensifies action against fake deductions
THE tax department has intensified its action against bogus claims of deductions and exemptions under the Income Tax Act, using a data-driven approach to identify suspicious filings and intermediaries facilitating tax evasion.
1 min
December 14, 2025
The New Indian Express Sambalpur
Shiprocket files for ₹2,342 crore public offering
E-COMMERCE enablement platform Shiprocket has filed for %2,342-crore initial public offering (IPO) with market regulator Sebi.
1 min
December 14, 2025
The New Indian Express Sambalpur
CIRCLE OF LIFE BETWEEN MASS AND CLASS
N my five decades of life, I have seen my lifestyle oscillating between mass and class.
3 mins
December 14, 2025
The New Indian Express Sambalpur
BIG TECH RUSH TO BUILD CLOUD, AI INFRA IN INDIA
HERE is a sudden downpour of Big Tech investments in India.
3 mins
December 14, 2025
The New Indian Express Sambalpur
The Great Indian Aviation Robbery
The breakdown was not sudden, though it felt that way to those of us trapped in the glass-and-steel belly of Mumbai’s Chhatrapati Shivaji Maharaj International Airport that day.
4 mins
December 14, 2025
The New Indian Express Sambalpur
INDIA CHOKES AS POWER PLAYS ON
POWER & POLITICS
5 mins
December 14, 2025
Listen
Translate
Change font size