UPS Financial News

Imagine getting a salary bump, only to find that your tax bill eats up most—if not all—of your raise. While the new tax regime in Budget 2025 promises no tax on incomes up to ₹12 lakh, it doesn’t necessarily mean that earning a little more is always beneficial. Thankfully, marginal relief has your back, ensuring that small increases in income don’t result in a huge spike in tax outgo.

ITC, Godfrey Phillips, and VST Industries will be in focus on Monday, February 3, after the Finance Minister kept excise duty/NCCD on cigarettes and other tobacco products unchanged in the Union Budget 2025–26. With no tax hike on cigarettes in the finance bill, Finance Minister Nirmala Sitharaman confirmed that tobacco taxation will remain steady.

Atul Lall, VC & MD, Dixon Tech, says the Budget is positive for the electronics industry. They had sought simplifying the duty structure for IFPD, and that has been achieved. Lall believes this will greatly boost IFPD manufacturing. Additionally, they had requested the reduction or elimination of certain duties on mobile components from 2.5% to 0%, and that has also been accomplished. They have lowered the duty on inputs for open cells, and agreed to requests on the deregulation front, all of which is beneficial for companies like Dixon. What is your take on the Budget? Atul Lall: For the electronics industry, the Budget is positive. There were certain specific asks from the industry. One was on rationalisation of the duty structure for IFPD, and that has been done. What we asked for, thankfully, was addressed completely in the same format.

Subscribe to enjoy similar stories. Naveen Jindal, chairman of India’s fourth-largest steelmaker Jindal Steel and Power Ltd (JSPL), is building a private steel empire abroad, one that could match the size of his listed Indian company in future. Over the past five years, Jindal has built an end-to-end steel business with assets across Europe, the Middle East and Africa.

Subscribe to enjoy similar stories. New Delhi: The tax cut announced in the budget was driven primarily by the intent to honour the honest taxpayer, said finance minister Nirmala Sitharaman. In a wide-ranging interview to Mint and HT, she explained the philosophy behind the new Income Tax bill expected to be tabled in Parliament this week, what the government is doing to ensure regulators don’t operate in silos, how the government is trying to diversify export markets and the plan to reach 8% GDP growth to become a developed country by 2047.

Subscribe to enjoy similar stories. The Indian stock market closed on the upside, with the Auto and IT and Consumption sectors pulled the market up. The Nifty 50 index closed at 24,188.65 while the BSE Sensex closed at 79,943.71, up 1.83%.

Subscribe to enjoy similar stories. New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry.

expenditure secretary Manoj Govil tells ET in an interview. Edited excerpts:

carrier-grade Ethernet switches to 10% in the budget, telecom industry executives and sector analysts said.

goods and services tax (GST) structure to make it simpler to implement and comply with, officials said.

Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler discusses President Donald Trumps impact on commercial real estate and how Americans are handling 7 percent mortgage rates.

Alicia Kalvin awoke the morning of Jan. 7 to an urgent text from a friend: «There's a fire on your street.» She hurried outside, alarmed to see red skies and low-flying planes dumping water.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman has presented a strong Union budget for 2025-26. It comes at a time of high uncertainty linked to global events, slowing domestic demand and a challenging fiscal outlook.

India is effectively tax-free now following the revision in tax slabs, according to enterpreneur Anupam Mittal.

Hazoor Multi Projects Limited (HMPL) has plans to set up a 500 megawatt solar project in Andhra Pradesh at an investment of Rs 2,500 crore. It has already submitted a proposal with the state government to set up the project in Prakasam district over an area of 2,000 acres, as per information shared by the company.

tax reforms designed to increase disposable income for the significant middle class of the country. This reform has long been a demand from the middle class, who make substantial tax contributions but often feel that the government does not provide adequate benefits in return. By addressing these concerns, this Union Budget is expected to significantly boost consumption. The reduction in taxation is projected to result in the government forgoing more than 100,000 crores in direct taxes, which will ultimately enhance the disposable income of this demographic.

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit.

«No tax on income up to ₹12 lakh!» The announcement in the Union Budget 2025, made by finance minister Nirmala Sitharaman on 1 February, was music to the ears of many taxpayers. Take Mr. A, for example, who earns from multiple sources. With a salary, interest income, and capital gains from property sales and the stock market, Mr. A’s total income is around ₹12 lakh—seemingly making him eligible for a significant tax break.