There is no tax up to 12 lakhs. There is 30% tax only after earning 24 lakhs.
16-20 lakhs 20%
20-24 lakhs 25%
25 lakhs and above that 30%
The limit for filing income tax in the budget has been increased from 2 years to 4 years.
Finance Minister Nirmala Sitharaman has announced to make many things cheaper in the budget
lithium batteries, electric cars and two-wheelers
The government plans to reduce the price of lithium batteries, which will make electric cars and two-wheelers cheaper and make them accessible to more people.
Jal Jeevan Mission
Jal Jeevanaims Mission to ensure access to drinking water in every household by 2028
Dhan Dhanya Yojana
Dhan Dhanya Yojana announced in the budget, the limit of Krishi credit card has been reduced, 5 lakh and 1 crore farmers will benefit from it.
Production of pulses
Emphasis on production of pulses in the budget, focus on increasing the production of pulses
Life saving Medicine
Big announcement on life saving medicines, duty free on medicines like cancer and 36 other medicines are also included. Government’s focus is on development of all, Finance Minister said this is a budget for growth of all
Big announcement for Bihar
Big announcement for Bihar, Green Field Airport facility will be provided, Small airports and helipads will be built in hilly areas.
Asam
Asam me khole jayenge 3 band urea plant jiss se urea ki mara mari kamm hogi ( best for kisan)
Clothes will be cheaper
Clothes made in India will be cheaper, clothes made by weavers will also be cheaper
AI (artificial intelligence)
AI(artificial intelligence) Big news for AI (Artificial Intelligence), Rs 500 crore received for Excellence Center
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