Tax Relief, Increased Benefits & Focus on Employment
– Good news for salaried individuals under the new tax regime. – Standard deduction increased by 50%. – Up from ₹50,000 to ₹75,000. – Means more money in your pocket.
– Benefit from the government's revised income tax slabs. – Applicable to the new tax regime for the current fiscal year. – Potential tax savings of up to ₹17,500.
Increased deduction on family pension. Now ₹25,000 under the new tax regime (up from ₹15,000). Improved financial security for pensioners. Relief for around 4 cr pensioners.
Special 1 month wage benefit for new formal sector employees Max of ₹15,000 directly transferred to provident fund in 3 installments Additional incentives for employers who hire new staff
– A new comprehensive internship program launched. – Opportunity for 1 crore youth over 5 years in India's top 500 companies.
– Interns receive a monthly allowance of ₹5,000. – Plus a one-time assistance of ₹6,000. – Gain valuable experience and skills.
– The internship program offers 12 months of experience. – Gain insights into real-life business environments. – Explore varied professions and opportunities.
– Companies expected to bear training costs for interns. – 10% of internship cost is funded through CSR initiatives.
– Measures to improve financial well-being for salaried individuals and pensioners. – Increased focus on skilling and employability for young people.