Budget 2025 News

The Centre has transferred Rs 1,63,471 crore to state governments as devolution of share of taxes for this period, which is Rs 23,720 crore higher than the previous year, the statement said.

The terms of reference (ToR) of the 8th Pay Commission is expected to be finalised soon amidst expectations that the Pay Panel in all likelihood be formed within next 2 or 3 weeks i.e the second and third week of May.

Will the 8th Pay Commission, similar to other past pay commissions make recommendation regarding the existing CGHS with a new healthcare scheme for central government employees? Check what was recommended by the previous Pay Commissions. 

Here is a list of the changes in Tax Deducted at Source (TDS) for senior and general citizens that will take effect on April 1, 2025.

Here is an expansive view on the HRA recommended for employees in Levels 1 to 3 in the pay matrix under 7th Pay Commission that might give a hint on the expected HRA hike under 8th Pay Commission.

Questions regarding the Constitution Of 8th Central Pay Commission was asked by BJP MP Kangna Ranaut and TMC MP Sajda Ahmed in Lok Sabha last week.

Delhi Budget 2025: Rs 2,144 crore has been earmarked for the Pradhan Mantri Jan Arogya Yojana (PMJAY), a flagship healthcare scheme by the Centre.  

8th Central Pay Commission: Other than pay revision, allowances, pension benifits, a major discussion is going around the promotion of central government employees during their service period. If government agrees to the proposal, 

Below is a summary of the changes in Tax Deducted at Source (TDS) that will take effect on April 1, 2025.

8th Pay Commission : Based on a predicted fitting factor of 2.86, the following is the outline of expected salary hikes of Level 1 to 10 govt employees.

Addressing a post-budget webinar on the theme ‘Regulatory, Investment, And Ease Of Doing Business (EODB) Reforms’, she said the government will now bring up the general Vishwas Bill 2.0 to decriminalise more than 100 provisions in various laws. It will further simplify processes for businesses, the minister said.

How much pension is expected to increase under 8th Pay Commission? Check the minimum and maximum hikes recommended by 4th, 5th, 6th and 7th Pay Commissions, that gives a rough hint.

The Finance Minister in Budget Speech 2025-26 has announced to increase the loan limit under the Modified Interest Subvention Scheme from ₹3 lakh to ₹5 lakh which would further benefit the farmers.

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more than Rs 7,75,000, then you can file return under old regime, explains Cleartax.  

Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget.

The bill, which was granted approval in the Cabinet meeting chaired by Prime Minister Narendra Modi on Friday, will be introduced in the Parliament next week before it is sent to the Parliament's Standing Committee on Finance.

Railway Budget 2025: Whih state got highest amount and which got lowest? Here is the state-wise fund allocation of the Railway Budget 2025 (Alphabetical Order)

The recommendations of the 8th Pay Commission, which will majorly impact in revision of salaries of nearly 50 lakh central government employees and allowances of 65 lakh pensioners, might not kick in from 1 January 2026 --check what media reports are saying.

The budget returns Rs 1 lakh crore to the middle class, designed to work through market mechanisms rather than direct government spending.