As the new financial year commences on April 1, 2025, several significant income tax changes have officially come into effect, directly impacting salaried individuals, senior citizens, investors, and taxpayers across the country. Announced during Budget 2025, these updates aim to simplify compliance, improve transparency, and provide substantial relief to the middle class. From revised tax slabs to increased deduction limits and changes in TDS thresholds, here’s a complete breakdown of

The Waqf (Amendment) Bill, 2024, is at the center of a major political storm as it is set to be introduced in the Lok Sabha today amid mounting opposition from the INDIA bloc. The bill, intended to amend the Waqf Act of 1995, is being promoted by the government as a long-overdue reform aimed at improving the administration and efficiency of waqf property management. However, critics argue that several of its provisions threaten the very autonomy of Muslim religious endowments, making it a dee

Google is set to collaborate with Taiwan's MediaTek to develop the next generation of its Tensor Processing Units (TPUs), which are expected to launch next year. This strategic move signifies a shift in Google’s approach to AI chip development, although the tech giant will continue working with its current chip partner, Broadcom. According to a report by The Information, Google’s partnership with MediaTek is largely driven by cost efficiency and MediaTek’s stron

The Pakistan Cricket Board (PCB) has reportedly suffered an estimated Rs 869 crore (USD 85 million) loss after hosting the ICC Champions Trophy 2025, resulting in severe budget cuts across various sectors of Pakistani cricket. This substantial financial setback has prompted drastic cost-cutting measures, including reductions in match fees and player accommodations. The financial blow stems from heavy investments in stadium upgrades and event preparations. According to a report by The Telegrap

Tamil Nadu Chief Minister MK Stalin has sparked fresh controversy by replacing the official rupee symbol with the Tamil letter for ‘ru’ from the Tamil word ‘rubai’ (meaning rupees) in the upcoming Tamil Nadu Budget 2025-26. This unexpected decision has intensified the ongoing language debate between the Tamil Nadu government and the central administration. The teaser for the state budget, set to be presented on March 14, 2025, prominently featured the new logo, omittin

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

In a dramatic turn of events, the Andhra Pradesh MLC election witnessed what is now being described as one of the costliest nomination filings in the state's political history. This extraordinary development unfolded during the nomination process of BJP candidate Somu Veerraju, which involved multiple complications, last-minute approvals, and two special flights to ensure the documentation was completed before the deadline.   The Nomination Crisis

The Karnataka government’s 2025 budget, presented by Chief Minister Siddaramaiah, has ignited a major political controversy, with the BJP accusing Congress of appeasement politics over the allocation of funds for minority welfare programs. The budget earmarks significant funds for Muslim welfare, including: ₹1,000 crore for minority development ₹150 crore for Waqf property protection ₹100 crore for Urdu schools A ₹6,00

China has announced a 7.2% increase in its defence budget for 2024, raising military spending to $249 billion as the country continues its aggressive modernization efforts amid escalating regional tensions. The budget, which was revealed in a draft report submitted to the National People's Congress (NPC) by Premier Li Qiang, underscores China’s strategic focus on military expansion in the Taiwan Strait, South China Sea, and its border with India. This increase follows China’s

Nine months after the formation of the NDA government in Andhra Pradesh, the state is showing a strong economic turnaround. The latest fiscal survey presented in the Assembly highlights that Andhra Pradesh has recorded a 12.94% growth in fiscal management, a clear indication of recovery from the previous administration’s economic downturn. The progress is primarily driven by agriculture, industrial development, and energy production, reflecting the effectiveness of new policies focused

Apple CEO Tim Cook has sparked excitement among tech enthusiasts with a cryptic teaser hinting at the launch of a new MacBook Air. In a post on X (formerly Twitter), Cook shared a short video with the phrase, “There’s something in the air,” along with the caption, “this week.” The phrase echoes Apple’s tagline from the launch of the first MacBook Air in 2008, strongly indicating that a refreshed MacBook Air is on the horizon.  

The Houston Livestock Show and Rodeo is one of Texas’ most anticipated events, offering an exciting mix of live music, rodeo competitions, and mouthwatering food. While the experience itself is unforgettable, many attendees find themselves wondering what to wear. A great rodeo outfit doesn’t have to come with a high price tag. With a few smart shopping strategies and budget-friendly finds, you can put together a stylish and comfortable look without b

The Andhra Pradesh government, led by Chief Minister Chandrababu Naidu, has presented a record-breaking budget for the financial year 2025-26. With an overall outlay of ₹3.22 lakh crore, this is the first time in the state's history that the budget has surpassed the ₹3 lakh crore mark. Finance Minister Payyavula Keshav introduced the budget in the Andhra Pradesh assembly, outlining major allocations aimed at boosting welfare programs, infrastructure, agriculture, and social developmen

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

Former Andhra Pradesh Chief Minister and YSRCP leader YS Jagan Mohan Reddy’s visit to Guntur Mirchi Yard has stirred a political debate, with accusations of violating the election code ahead of the MLC elections. The Election Commission had reportedly denied permission for the interaction, but Jagan and his party leaders proceeded with the visit, drawing attention to what they claim is the AP government’s failure to ensure fair prices for chilli farmers.Jagan, accompanied by a l

The Department of Government Efficiency, known as the DOGE initiative, was introduced to streamline government spending by reducing the number of federal employees and eliminating programs that do not align with President Trump's policies. The initiative was presented as a necessary response to the growing $36 trillion national debt. One of its first major actions was the removal of Diversity, Equity, and Inclusion programs, a move that has been met with both support and criticism. While

On Monday, the Germany Women’s Hockey Team arrived at Biju Patnaik International Airport in Bhubaneswar, India, for their upcoming FIH Hockey Pro League 2024/25 matches. The team, led by co-captains Linnea Wiedemann and Sarah Strauss, will face Spain on February 15 and 16, followed by a crucial matchup against hosts India on February 21 and 22 at the Kalinga Stadium. After finishing as runners-up in last season’s Pro League behind the Netherlands, Germany has struggled for form th

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 introduced a significant revision to the income tax exemption limit, raising it to ₹12 lakh. This change has sparked expectations of increased consumer spending, particularly in sectors such as automobiles and fast-moving consumer goods. With more disposable income available to middle-class taxpayers, the automotive industry is poised to see shifts in demand, with varying effects across vehicle segments. Analysts believe that while this tax policy revision may drive ov