New Delhi10 days ago
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Yesterday’s big news was related to the budget. The Finance Minister presented the budget for 2024-25. This time the government has noted that 7 national food duties have been cut and 2 duties have been increased. This can lead to about 7 products and 2 product markets.
Under the new tax regime, now tax will have to be paid at the rate of 5% on income of Rs 3 lakh to Rs 7 lakh. So far, an investment of Rs 7.75 lakh has become tax free for those who buy it. At the same time, in the budget, the government has made changes in the tax on short term and large term capital guns.
Due to this, the NK portfolio rose by 1,278 points to 79,224 during today’s business. However, later the NK portfolio fell by 73 points to close at 80,429. The NK portfolio also fell by 435 points to 24,074 during the budget speech.
Before tomorrow’s big news, today’s main events, which will be in focus…
- A rise can be seen in the stock market today.
- BMW 5 Series Wheel Base, Mini Cooper C, Mini Cooper S Will Be Launched.
- CE-04 Electric Vehicle launched.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. Cheap and expensive- mobile phone numbers will be: Duty demanded on gold market as well; Jugalbandi prices reduced by Rs 300 in one year
This time in the budget, the government said that customs duty has been reduced on 7 items and duty has been increased on 2 items. This can create markets for around 7 items and 2 items. The products that can be traded include mobile phones and gold. At the same time, products made of plastic can also be available in the market.
However, it is not decided whether these products will be so numerous or the market. The government implemented GST in UNESCO on 1 July 2017, after which only custom duty has been reduced in the budget. The reduction in industry has an indirect effect on exports.
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2. Relief in the new tax regime in the budget: General benefit of up to ₹ 17,500, in states with old tax regime
Relief has been given in the budget regarding income tax. Under the new tax regime, now tax will have to be paid at the rate of 5% on income of Rs 3 lakh to Rs 7 lakh. Earlier it was up to Rs 6 lakh.
Changes have also been made in other sections of the new tax regime. These two changes will benefit taxpayers by up to Rs 17,500. However, no changes have been made in the old tax regime.
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3. Tax exemption of 25 thousand on large star investment: Tax exemption on investment in 1,278 stock markets has an impact of up to 20%
In the budget, the government has made changes in the tax on short term and long term capital guns. Due to this, the NK portfolio rose by 1,278 points to 79,224 during today’s business. However, later it saw a decline of 73 points and closed at 80,429.
Medicine also reached 435 points to 24,074 during the budget speech. Before the market closed, basketball also closed at 24,479 with a fall of 30 points. Out of Matthew’s 50 stocks, 20 rose, 29 fell. There was no change in one.
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4. Budget 2024 in 24 points: New tax regime makes income up to Rs 7.75 lakh tax free; mobile phones and gold will dominate
Changes in the new tax regime, income up to Rs 7.75 lakh is tax free
New tax regime: Income tax up to Rs 7.75 lakh has become free for those who watch movies. Now the new standard in the tax regime will be Rs 75,000 instead of Rs 50,000.
Under the old tax regime, income up to Rs 2.5 lakh on films will be tax free, but under section 87A of the Income Tax Act, tax can be saved on income up to Rs 5 lakh.
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5. Farmers’ budget- ₹1.52 lakh crore for agriculture: 109 new lands of 32 seeds will be brought; 1 crore farmers will do natural farming
The government gave Rs 1.52 lakh crore for agriculture and related sectors. Last year, Rs 1.25 lakh crore was given. This means that this time the budget for farmers was kept at 21.6% i.e. Rs 27 thousand crore.
However, despite the continuous demand of the farmers, no announcement was made in the budget regarding Minimum Support Profit Wise, MSP. At the same time, the amount of Kisan Samman Nidhi has also not increased, it will remain Rs 6,000 only.
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6. Health Budget- 9 out of 10 govt employees have no health: Health services need 73% less allotment
In the budget speech, the Finance Minister had announced 9 projects for India, but health did not get any place. The government has made customs duty zero on 3 important cancer medicines. Now no tax will be levied on these medicines.
Due to this, cancer treatment will be cheaper. Apart from this, the Finance Minister has also talked about new medical colleges and hospitals. A big relief was expected in the Ayushman Bharat scheme from this budget, but no such big announcement has been made.
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