No income tax for self-employed…! Pipa News


No income tax for self-employed…!

Union Finance Minister Nirmala Sitharaman has presented the budget for the year 2023-24. in it

* Self-employed earners with monthly income up to Rs.58,250 no income tax.

* According to the new income tax scheme, those earning up to Rs.62,500 per month are not required to pay income tax.

*Rs.9000 crore has been allocated for the development of small and medium enterprises. Steps will be taken to reduce loan interest to 1% for small and micro enterprises.

* Unsecured loans will be provided to micro industries from 1st April.

* A scheme to provide incentives to 47 lakh youth will be implemented.

* 1 Lakh Women Self Help Groups will be formed. Laws related to banking services will be simplified.

* 30 centers will be set up to provide skill training to the youth.

* There is not a single word about the price of petrol and diesel in the budget!

* Funding for capital expenditure increased by 33 per cent in the current financial year