fiscal year 2023-24

Revised ADP: Education, health see huge cuts

The government has made major cuts in the education and health sectors in the annual development programme (ADP) budget for this fiscal year.

Surcharge likely on second car

Owners of more than one car are likely to face an environmental protection surcharge from the upcoming fiscal year as the government plans to discourage the use of vehicles in a bid to contain carbon emissions and air pollution.

Surcharge-free limit of wealth likely to rise

The government may increase the threshold of surcharge-free net wealth from the coming fiscal year 2023-24 beginning from July – a plan that is likely to reduce the pressure of tax on the upper middle-income people. 

March 13, 2024
March 13, 2024

Revised ADP: Education, health see huge cuts

The government has made major cuts in the education and health sectors in the annual development programme (ADP) budget for this fiscal year.

May 28, 2023
May 28, 2023

Surcharge likely on second car

Owners of more than one car are likely to face an environmental protection surcharge from the upcoming fiscal year as the government plans to discourage the use of vehicles in a bid to contain carbon emissions and air pollution.

May 16, 2023
May 16, 2023

Surcharge-free limit of wealth likely to rise

The government may increase the threshold of surcharge-free net wealth from the coming fiscal year 2023-24 beginning from July – a plan that is likely to reduce the pressure of tax on the upper middle-income people.