1. Productivity and resilience in agriculture 2. Employment and Skilling 3. Inclusive Human Resource Development and Social Justice 4. Manufacturing and Services 5. Urban Development 6. Energy Security 7. Infrastructure 8. Innovation, Research and Development 9. Next Generation Reforms
Enhanced Limit of Standard Deduction and Family Pension Deduction Under New Regime
Under the new regime the standard deduction for salaried individuals has been increased to Rs. 75,000 from Rs. 50,000 Similarly, a deduction on family pension for persons having pension income has been increased to Rs. 25,000 from Rs. 15,000 if they file taxes under the new Regime
Note: As a result of the above changes, a salaried employee in the new tax regime can save up to Rs 17,500 per annum in taxes
Note: Angel Tax is a tax levied on companies that issue fresh shares to investors at a price above the company's Fair Market Value.