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Budget 2020 News & Updates


PM to launch platform to honour honest taxpayers on August 13

PM to launch platform to honour honest taxpayers on August 13

Prime Minister Narendra Modi will launch a platform for honouring the country's honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a 'taxpayer charter', ...

A top tax expert decodes the new Income Tax regime changes announced in the Budget

A top tax expert decodes the new Income Tax regime changes announced in the Budget

In spite of major concessions announced by way of an ordinance in October 2019, the Indian economy continued to dwindle in the backdrop of the global economic meltdown. The current economic...

If you earn ₹15 lakh, you save ₹15,600 with the new tax regime but you can’t claim tax benefits worth ₹73,000

If you earn ₹15 lakh, you save ₹15,600 with the new tax regime but you can’t claim tax benefits worth ₹73,000

The new tax regime could mean savings of up to ₹15,600 for people earning more than ₹13 lakh per month. A person earning ₹15 lakh will be losing out on at least ₹73,000 in tax benefits as t...

Elon Musk alert! India just hiked customs duty on imported electric vehicles to 40%

Elon Musk alert! India just hiked customs duty on imported electric vehicles to 40%

Electric vehicles are all set to get dearer thanks to increase in customs duty rates by up to 67%. Elon Musk had earlier said Tesla might run on Indian roads in 2020. The increase in custom...

This is how top startup founders reacted to budget 2020

This is how top startup founders reacted to budget 2020

Finance Minister Nirmala Sitharaman called startups the ‘strength of India’ as she pushed “job seekers” to turn “job creators”. In a big move, employees at startups who have stock options w...