Message: Return type of CI_Session_null_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_null_driver::close() should either be compatible with SessionHandlerInterface::close(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_null_driver::read($session_id) should either be compatible with SessionHandlerInterface::read(string $id): string|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_null_driver::write($session_id, $session_data) should either be compatible with SessionHandlerInterface::write(string $id, string $data): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_null_driver::destroy($session_id) should either be compatible with SessionHandlerInterface::destroy(string $id): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_null_driver::gc($maxlifetime) should either be compatible with SessionHandlerInterface::gc(int $max_lifetime): int|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
NRIPage | Articles | #indian-tax-benefits | Get Latest Political News & Updates, Sports News, Latest NRI News & Updates, Latest International News & Updates in India, USA & other countries around the world in - NRI Page
India has moved closer to next-generation high-speed transportation with the unveiling of its first hyperloop test track. The project, spearheaded by IIT Madras and funded by the Ministry of Railways, has resulted in the construction of a 422-meter-long hyperloop test facility. The development marks a major leap in India’s transportation sector, with hyperloop technology promising to cut travel times between major cities to mere minutes.With the successful completion of the first test t
India has moved closer to next-generation high-speed transportation with the unveiling of its first hyperloop test track. The project, spearheaded by IIT Madras and funded by the Ministry of Railways, has resulted in the construction of a 422-meter-long hyperloop test facility. The development marks a major leap in India’s transportation sector, with hyperloop technology promising to cut travel times between major cities to mere minutes.With the successful completion of the first test t
Congress leader and Thiruvananthapuram MP Shashi Tharoor has stirred controversy within his party after praising the economic policies of the CPM-led Left Democratic Front (LDF) government in Kerala. His remarks, which acknowledged the state’s progress under the Left government, have been met with sharp criticism from Congress leaders, deepening existing tensions within the party.Tharoor’s comments came during a podcast interview, where he also highlighted the absence of a strong
Congress leader and Thiruvananthapuram MP Shashi Tharoor has stirred controversy within his party after praising the economic policies of the CPM-led Left Democratic Front (LDF) government in Kerala. His remarks, which acknowledged the state’s progress under the Left government, have been met with sharp criticism from Congress leaders, deepening existing tensions within the party.Tharoor’s comments came during a podcast interview, where he also highlighted the absence of a strong
The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.
The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.
The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur
The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur
The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d
The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d
The Life Insurance Corporation of India (LIC) has launched the Smart Pension Plan, designed to provide financial security for retirees through structured annuity payouts. The plan offers a range of annuity options, ensuring flexibility and stability for policyholders looking for a steady income after retirement. With multiple features tailored to meet the needs of individuals at different life stages, the Smart Pension Plan provides long-term financial support.The
The Life Insurance Corporation of India (LIC) has launched the Smart Pension Plan, designed to provide financial security for retirees through structured annuity payouts. The plan offers a range of annuity options, ensuring flexibility and stability for policyholders looking for a steady income after retirement. With multiple features tailored to meet the needs of individuals at different life stages, the Smart Pension Plan provides long-term financial support.The
In a significant move, the United States has deported 119 Indian immigrants as part of its ongoing crackdown on illegal immigration. The deportees arrived at Amritsar International Airport late on Saturday night, following a similar deportation flight on February 5 that carried 104 individuals. These deportations are part of a broader initiative under the Trump administration's stringent immigration policies, aimed at enforcing tougher regulations on those in the U.S. illegally. The 119 i
In a significant move, the United States has deported 119 Indian immigrants as part of its ongoing crackdown on illegal immigration. The deportees arrived at Amritsar International Airport late on Saturday night, following a similar deportation flight on February 5 that carried 104 individuals. These deportations are part of a broader initiative under the Trump administration's stringent immigration policies, aimed at enforcing tougher regulations on those in the U.S. illegally. The 119 i
1.Regulates Menstrual Cycles
Nutmeg contains natural compounds that help balance hormones, which can be particularly beneficial for women experiencing irregular periods. The spice stimulates blood circulation, promoting more predictable and manageable menstrual cycles. Additionally, it can help alleviate menstrual pain by improving blood flow and easing muscle tension. Adding a pinch of n
1.Regulates Menstrual Cycles
Nutmeg contains natural compounds that help balance hormones, which can be particularly beneficial for women experiencing irregular periods. The spice stimulates blood circulation, promoting more predictable and manageable menstrual cycles. Additionally, it can help alleviate menstrual pain by improving blood flow and easing muscle tension. Adding a pinch of n
Rajiv Kumar’s tenure as Chief Election Commissioner of India, beginning in May 2022, has seen multiple landmark elections, including the 2023 Karnataka and Telangana polls and the 2022 presidential elections. His leadership has faced ongoing scrutiny, with opposition parties alleging bias towards the ruling BJP and raising concerns about the integrity of the election process, particularly regarding Electronic Voting Machines (EVMs). Despite the criticism, Kumar has defended the election
Rajiv Kumar’s tenure as Chief Election Commissioner of India, beginning in May 2022, has seen multiple landmark elections, including the 2023 Karnataka and Telangana polls and the 2022 presidential elections. His leadership has faced ongoing scrutiny, with opposition parties alleging bias towards the ruling BJP and raising concerns about the integrity of the election process, particularly regarding Electronic Voting Machines (EVMs). Despite the criticism, Kumar has defended the election
Union Finance Minister Nirmala Sitharaman is expected to introduce a new Income Tax Bill in Parliament today that will replace the existing Income Tax Act of 1961. The purpose of this new bill is to simplify the language and provisions of the current tax law, making it easier to understand and more accessible for taxpayers. The bill is part of the government’s ongoing efforts to reform and modernize the Indian tax system. The new bill will streamline various processes, eliminate complex
Union Finance Minister Nirmala Sitharaman is expected to introduce a new Income Tax Bill in Parliament today that will replace the existing Income Tax Act of 1961. The purpose of this new bill is to simplify the language and provisions of the current tax law, making it easier to understand and more accessible for taxpayers. The bill is part of the government’s ongoing efforts to reform and modernize the Indian tax system. The new bill will streamline various processes, eliminate complex
1. Boost Bone Health:
Sesame seeds are an excellent source of calcium, which is crucial for maintaining strong bones. In addition to calcium, they also contain magnesium, manganese, and zinc—key nutrients that further support bone health and may help prevent conditions like osteoporosis.
2. Loaded with Healthy Fats:
These tiny seeds are high in healthy fats, particularly polyunsaturated and monounsaturated fats. The
1. Boost Bone Health:
Sesame seeds are an excellent source of calcium, which is crucial for maintaining strong bones. In addition to calcium, they also contain magnesium, manganese, and zinc—key nutrients that further support bone health and may help prevent conditions like osteoporosis.
2. Loaded with Healthy Fats:
These tiny seeds are high in healthy fats, particularly polyunsaturated and monounsaturated fats. The
1.Ajwain for Digestion:
Ajwain stimulates digestive enzymes, which help break down food more efficiently.
It aids in preventing common digestive issues such as indigestion, gas, and bloating.
The thymol content in ajwain improves gastric juice secretion, enhancing digestion and overall gut health.
2.Ajwain for Reducing Acidity & Heart
1.Ajwain for Digestion:
Ajwain stimulates digestive enzymes, which help break down food more efficiently.
It aids in preventing common digestive issues such as indigestion, gas, and bloating.
The thymol content in ajwain improves gastric juice secretion, enhancing digestion and overall gut health.
2.Ajwain for Reducing Acidity & Heart
The Union Budget 2025 has introduced significant changes to the income tax regime, offering relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed raising the basic exemption limit to Rs 4 lakh and increased the income threshold for the rebate under Section 87A to Rs 12 lakh. This means individuals earning up to Rs 12 lakh, with a standard deduction of Rs 75,000, can avoid paying taxes altogether. But for those earning more than Rs 12.75 lakh, choosing between the old
The Union Budget 2025 has introduced significant changes to the income tax regime, offering relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed raising the basic exemption limit to Rs 4 lakh and increased the income threshold for the rebate under Section 87A to Rs 12 lakh. This means individuals earning up to Rs 12 lakh, with a standard deduction of Rs 75,000, can avoid paying taxes altogether. But for those earning more than Rs 12.75 lakh, choosing between the old
On February 4, Indian stock markets experienced a strong rally as the Sensex and Nifty surged following positive global cues and optimism surrounding a potential rate cut by the Reserve Bank of India. The Sensex opened at 77,687.60 and gained over 700 points to reach 77,952, while the Nifty 50 opened at 23,509.90 and rose nearly 1% to 23,582. Mid-cap and small-cap stocks also posted gains, contributing to an overall bullish sentiment in the market.
Investor confidence was boost
On February 4, Indian stock markets experienced a strong rally as the Sensex and Nifty surged following positive global cues and optimism surrounding a potential rate cut by the Reserve Bank of India. The Sensex opened at 77,687.60 and gained over 700 points to reach 77,952, while the Nifty 50 opened at 23,509.90 and rose nearly 1% to 23,582. Mid-cap and small-cap stocks also posted gains, contributing to an overall bullish sentiment in the market.
Investor confidence was boost
A total of 205 Indian nationals who had illegally entered the United States were deported aboard a US military C-17 aircraft, which took off from Texas. Each deportee’s nationality was verified, signaling New Delhi’s involvement in the process. This is likely the first of many such deportations as part of a broader effort to address illegal immigration. The aircraft, typically equipped for larger transports, can accommodate up to 205 passengers, though it only has one toilet unles
A total of 205 Indian nationals who had illegally entered the United States were deported aboard a US military C-17 aircraft, which took off from Texas. Each deportee’s nationality was verified, signaling New Delhi’s involvement in the process. This is likely the first of many such deportations as part of a broader effort to address illegal immigration. The aircraft, typically equipped for larger transports, can accommodate up to 205 passengers, though it only has one toilet unles
Volkswagen has filed a lawsuit against Indian authorities, contesting a $1.4 billion tax demand that the company describes as "impossibly enormous" and in violation of India’s import tax regulations. The dispute centers around the classification of car imports, with Indian officials accusing Volkswagen of misclassifying imports to avoid higher customs duties. In particular, Volkswagen allegedly broke down nearly complete vehicles into individual parts, which are subject to low
Volkswagen has filed a lawsuit against Indian authorities, contesting a $1.4 billion tax demand that the company describes as "impossibly enormous" and in violation of India’s import tax regulations. The dispute centers around the classification of car imports, with Indian officials accusing Volkswagen of misclassifying imports to avoid higher customs duties. In particular, Volkswagen allegedly broke down nearly complete vehicles into individual parts, which are subject to low
Summary:
Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points.
Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China.
Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets.
Rupee hits a record low of Rs 87.07 against the US dollar.
Despite post-Budget relief for some sectors, overall
Summary:
Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points.
Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China.
Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets.
Rupee hits a record low of Rs 87.07 against the US dollar.
Despite post-Budget relief for some sectors, overall
In a heartbreaking incident in southern Ireland, two Indian students were killed, and two others were seriously injured after their car crashed into a tree in County Carlow. The two deceased, Cherekuri Suresh Chowdary and Chithoori Bhargav, both in their 20s, were pronounced dead at the scene. The accident occurred on Friday, when the black Audi A6 they were traveling in veered off the road at Graiguenaspiddoge, near Mount Leinster. The students, part of the Indian community in Carlow, had re
In a heartbreaking incident in southern Ireland, two Indian students were killed, and two others were seriously injured after their car crashed into a tree in County Carlow. The two deceased, Cherekuri Suresh Chowdary and Chithoori Bhargav, both in their 20s, were pronounced dead at the scene. The accident occurred on Friday, when the black Audi A6 they were traveling in veered off the road at Graiguenaspiddoge, near Mount Leinster. The students, part of the Indian community in Carlow, had re
Income Tax:
Union Budget 2025 introduces a revamped tax regime, with key reforms aimed at providing relief to the middle class. The new tax slabs are as follows:
Up to Rs 4 lakh - 0%
Rs 4-8 lakh - 5%
Rs 8-12 lakh - 10%
Income Tax:
Union Budget 2025 introduces a revamped tax regime, with key reforms aimed at providing relief to the middle class. The new tax slabs are as follows:
Up to Rs 4 lakh - 0%
Rs 4-8 lakh - 5%
Rs 8-12 lakh - 10%
Projected Economic Growth
India’s economy is expected to grow between 6.3% to 6.8% in the financial year 2025-26 (FY26).
This forecast comes from the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman in Parliament.
Economic Fundamentals
The survey highlights that the
Projected Economic Growth
India’s economy is expected to grow between 6.3% to 6.8% in the financial year 2025-26 (FY26).
This forecast comes from the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman in Parliament.
Economic Fundamentals
The survey highlights that the