Travel Reveals

The fifth budget under Modi 2.0 was unveiled on Wednesday by Union Finance Minister Nirmala Sitharaman. The Indian economy is on the right track and is poised for a bright future, according to Nirmala Sitharaman, who made this statement in the final comprehensive budget before the general elections next year. Sitharaman highlighted significant modifications to the tax slabs under the new tax regime as well as a significant increase in funding for railways and capital expenditures, which will greatly benefit taxpayers and the economy. The following is a full reading of the numerous initiatives Finance Minister Sitharaman unveiled in the Budget 2023, broken down by sector: Income taxes Payers: The previous tax system has not changed. The new tax system will take precedent over all others. The old tax system is still an option for citizens, though. In the new tax law, there is no tax on income up to Rs 7.5 lakh per year (with inclusion of standard deduction) In the new tax system, the gov

The Travel Agents Association of India (TAAI) has requested a 'One India One Tourism' approach, which includes the 'One Tax Structure' in the Union Budget to revive the pandemic-hit domestic travel, tourism and hospitality industries. In addition, the Association has been advocating for the inclusion of Aviation Turbine Fuel (ATF) in the GST program to make air travel "more viable" for all stakeholders, and also for the extension of the Emergency Credit Line Guarantee Scheme (ECLGS).  In the upcoming Budget, there will be several measures to support the entire travel tourism and hospitality sector, which will help it revive and survive, TAAI said in a statement on Saturday.  According to the Association, it is extremely critical for both the federal and state governments to work in tandem to facilitate this sector and encourage it to be placed on the concurrent list for Industry status to improve its structure. A TAAI study said governments should attempt to i