• Sat, February 1, 2025

by: Firstpost

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the

by: AOL

Ford CEO Jim Farley on the 'huge business' of Mustang, Bronco, and Raptor performance vehicles

While performance cars and racing get the Ford faithful excited, it's been a growing business for Ford too. We spoke to Ford CEO Jim Farley from Charlotte Motor Speedway, where the Ford Performance team and Farley himself were showing off its enthusiast offerings.

by: cnbctv18

Budget 2025 Live Updates: Social security scheme proposed for gig workers, e-shram registration support

This move aims to connect them to social welfare programs offered by the government. The workers will also receive healthcare benefits under the PM Jan Arogya Yojana.

by: Reuters

Musk's team given access to U.S. government payment system, New York Times says

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

by: MSN

Mexico's president orders retaliatory tariffs on the U.S. after Trump starts trade war

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.

by: Mint

Union Budget 2025 Highlights: From income tax bonanza to consumption boost, FM's roadmap for Viksit Bharat

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income. The Union Budget also focused on boosting credit for

by: Firstpost

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost disposable income,

by: Reuters

Trump fires consumer bureau director Chopra, source says

Rohit Chopra announced early Saturday he was stepping down as head of the top U.S. watchdog agency for consumer finance after President Donald Trump fired him overnight, according a letter Chopra posted online and a person familiar with the situation.

by: MSN

UK India Business Council welcomes Union Budget's focus on regulatory reforms, fiscal consolidation

The UK India Business Council (UKIBC) on Saturday congratulated Finance Minister Nirmala Sitharaman and the Government of India on the presentation of India's Union Budget 2025-26. It said that it was encouraged with the Budget's clear focus on economic growth,

by: cnbctv18

Budget 2025: High-level panel to review non-financial sector regulations, Says FM

Sitharaman also urged state governments to participate in this effort to create a more business-friendly environment.

by: Mint

Budget 2025 | Tax clarity for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

by: Mint

Budget 2025 | Tax relief for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

by: cnbctv18

Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax rate cuts to an overhaul of the system, aimed at boosting consumption, simplifying taxation,

by: MSN

Trump's tariffs on Mexico, Canada and China spark fears of a trade war

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.
  • Sun, February 2, 2025

by: BBC

Booze, oil and orange juice: How Canada could fight Trump tariffs

As Justin Trudeau warns Canadians they could face "difficult days" ahead, here are four options for retaliation.

by: Mint

Income Tax Budget 2025 LIVE: How to save up to ?2.6 lakh under new tax rates?

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is no income tax for those drawing ₹12 lakh and less. We take a look at who is most likely to benefit from the changed income tax slab.

by: stockhead

The NT wants to rebuild its economy and lure investment from miners and explorers

The new NT Government has put addressing crime and rebuilding its economy at the top of its priority list, and that's good for miners.

by: CNN

These Americans don't think the economy is getting any better. Welcome to 'No Buy 2025'

Many Americans, especially female content creators, are pushing back against overconsumption and pledging to buy less — or even nothing beyond essentials — as well as not repurchasing a product they own until it has expired or no longer has use.

by: Couriermail

Former Labor premier Anna Bligh to retire as CEO of Australian Banking Association

Anna Bligh has announced she is standing down as the chief executive of the Australian Banking Association (ABA) after more than eight years in the role.

by: NDTV

Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln

Finance Minister Nirmala Sitharaman countered the Opposition's charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming polls,

by: Reuters

Asia automakers lead the decline as region takes a beating from Trump tariffs

Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump's introduction of sweeping tariffs on Mexico,

by: MSN

Do you need to file Taxes in 2025? Here's what to know about income and refunds

Filing taxes might seem like a chore, especially if you're not required to do so. However, there are compelling reasons to consider submitting a tax return, even when it's not mandatory.

by: Reuters

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,

by: MSN

Deep Dive: What Elon Musk's All-In Bet on Trump Means for Tesla

This weekend's deep dive explores Elon Musk's high-stakes gamble on a Trump presidency and what it means for Tesla's future. From Musk's $131 million investment in Trump's campaign to the potential policy shifts that could impact Tesla's electric vehicles,

by: NDTV

Can You Still Opt For Old Tax Regime? And Will You Gain Or Lose Out

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime, many are left wondering if the government plans to scrap the old tax

by: Mint

Union Budget 2025 Highlights: Nirmala Sitharaman will introduce IT bill next week, PM Modi congratulates FM

Budget 2025 LIVE updates: Abhishek Jain, Indirect Tax Head & Partner of KPMG, highlighted that the adjustments announced to customs duties in India are set to foster expansion and development in the nation.

by: Reuters

Reactions to Trump's tariffs on goods from Mexico, Canada, China

U.S. President Donald Trump on Saturday ordered tariffs of 25% on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address what he calls a national emergency of fentanyl and illegal immigration pouring into the U.

by: MSN

Centre's tax clarity on VC asset sales to reduce litigation

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic alternative investment funds (AIFs), leading to these firms paying income tax.

by: MSN

Trump rolls out his vision to reshape America's schools

President Trump issued two executive orders that call on his administration to look into more funding for schools that adopt his political ideologies.

by: Reuters

US Senate panel to vote on RFK Jr.'s health secretary nomination

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by: MSN

Trump imposes tariffs on Canada, Mexico and China

American importers will pay a new 25 percent tax on goods from Canada and Mexico and a 10 percent levy on products from China.

by: MSN

Japan's factory activity extends decline, optimism weakens, PMI shows

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by: MSN

Prediction: 3 Stocks That'll Be Worth More Than Amazon 10 Years From Now

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by: MSN

America's favorite beer, avocados, gas and cheap stuff from Temu will get more expensive as economists warn of Trump tariffs impact

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by: MSN

Could the Stargate Project Help Send BigBear.ai Stock Soaring This Year?

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by: MSN

Trump Tariffs Live Updates: President Admits Prices Could Rise As Canada And Mexico Plan Retaliation

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by: MSN

Trump unveils sweeping US tariffs on Canada, Mexico, China

President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.

by: MSN

Today's Mortgage Rates | Rates Start the Month a Bit Lower

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by: MSN

Anchorage's 10th Annual Black Business Expo Empowers Entrepreneurs In Alaska

"I wanted there to be more opportunities for us to work together. We do a lot of celebration in terms of food and dancing, but not enough education around financial literacy, economic empowerment, or generational wealth building.

by: MSN

Enhanced credit, support for women and SC/ST entrepreneurs in the pipeline

Finance Minister Nirmala Sitharaman`s eighth Budget provided a shot in the arm to micro, small and medium enterprises, as she proposed a slew of measures including enhancement of investment and turnover limits for their classification,

by: MSN

Car Prices Face $3,000 Increase as Tariffs Hit Auto Sector

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by: MSN

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by: MSN

Canada, Mexico Hit Back at Trump Tariffs, China Vows Action

Canada and Mexico vowed to hit back at US tariffs with tit-for-tat measures after President Donald Trump followed through on his threats of general levies of 25%, beginning a trade war that's set to reshape global supply chains.

by: MSN

Textiles to toys: MSMEs get a Rs 2,250 crore booster shot with mission exports

Commerce, MSME and finance ministries in India will collaborate to identify key sectors needing significant capital for technology upgrades, marketing, and accessing new markets to boost exports. An Export Promotion Mission with a budget of Rs 2,
  • Mon, February 3, 2025

by: MSN

India is slashing taxes. It must now cut red tape

Narendra Modi's government has raised the effective income tax threshold and introduced tax relief, aiming to boost consumer sentiment amidst an economic slowdown. However, significant economic recovery will require job creation and easing the business environment,

by: MSN

'AI is the new global arms race': Boyd Company expert says Abilene is a key player in worldwide AI growth

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by: MSN

To help pay for Trump tax cuts, new taxes on worker benefits become GOP target

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost disposable income,
The article from Firstpost discusses the potential changes in the Union Budget 2025, focusing on the new income tax regime in India. It highlights the government's push towards simplifying the tax structure by introducing new tax slabs under the new tax regime, which was first announced in the 2020-21 budget. Key points include the reduction in tax rates for individuals opting for the new regime, with no tax on income up to Rs 3 lakh, and progressive rates up to 30% for income above Rs 15 lakh. The article also mentions the removal of certain deductions and exemptions to make tax filing easier, aiming to encourage more taxpayers to shift to this regime. Additionally, it speculates on possible adjustments to tax slabs, potential increases in standard deductions, and changes in tax benefits related to savings and investments like Section 80C. The piece also touches on the broader economic context, including the impact of inflation and the need for fiscal measures to boost consumption and savings among the middle class.

Read the Full Firstpost Article at:
https://www.firstpost.com/explainers/union-budget-2025-new-income-tax-slabs-regime-savings-salary-13858557.html

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