Projected Cola For Fiscal Year 2024-25. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year. Government aims to reach a deficit below.
As described earlier, collections data to date show a severe revenue decline, with total income tax collections down 25 percent in 2022โ23. Explore interim budget 2024 highlights and expectations with pwc india.
Finance And Corporate Affairs Minister Smt Nirmala Sitharaman Presents.
Stay ahead with our expert analysis.
The Experts Estimated A 2.7 Per Cent Rise In Cola Next Year And If This Happens, Then For The First Time In 31 Years The Seniors Will Receive A Cola Of 2.7 Per Cent Or Above Four.
Indian economy on strong wicket, says economic survey 2024.
Projected Cola For Fiscal Year 2024-25 Images References :
A Chart Of The 2024 Cola Figures Can Be Found Here.
The experts estimated a 2.7 per cent rise in cola next year and if this happens, then for the first time in 31 years the seniors will receive a cola of 2.7 per cent or above four.
But The Inflation Jump Now Outpaces Seniors' 2024 Cola, Putting Them In The Red.
As described earlier, collections data to date show a severe revenue decline, with total income tax collections down 25 percent in 2022โ23.