web analytics

[Document] Budget Highlights de la MRA

Les dotations du Budget 2024-2025 du ministère des Finances lues le 7 juin 2024 ont été passés au peigne fin par les spécialistes de la Mauritius Revenue Authority dans un document.

Vous aurez des informations ciblées sur les annonces faites par le Dr. Renganaden Padayachy:-

MINIMUM GUARANTEED INCOME

As from 1st of July 2024, individuals in full-time employment will have a monthly minimum guaranteed income of Rs. 20,000.

For all those with a basic wage, pension and any CSG Income Allowance not exceeding Rs. 20,000, they will benefit from a top-up allowance of up to Rs. 500 to achieve the Minimum Guaranteed Income of Rs. 20,000.

CSG INCOME ALLOWANCE

Initially set at Rs. 1,000 per month for those (employees and self-employed individuals) earning up to Rs. 50,000
monthly. The allowance was increased to Rs. 2,000 last year for individuals earning up to Rs. 25,000 monthly.
Henceforth, the CSG Income Allowance will be:
a. Rs. 3,000 for some 110,000 employees and self-employed earning less than Rs. 20,000;
b. Rs. 2,500 for some 55,000 individuals earning less than Rs. 25,000;
c. Rs. 2,000 for some 50,000 individuals earning less than Rs. 30,000; and
d. Rs. 1,500 for some 105,000 individuals earning less than Rs. 50,000.

CSG CHILD ALLOWANCE

The CSG Child Allowance for children from birth up to the age of three years will be increased from Rs. 2,000 to Rs. 2,500 monthly, irrespective of the number of children. This will take effect as from 01st July 2024.
The time frame for a beneficiary to submit his bank details will be increased from 3 months to 12 months.
The time limit to entertain an application will be extended to 31 December 2025.

SCHOOL ALLOWANCE

As from the 1st of July 2024, a School Allowance of Rs. 2,000 monthly to all children aged 3 years up to 10 years, will be introduced.

INDEPENDENCE ALLOWANCE: A ONE-OFF GRANT OF RS 20,000 AT THE AGE OF MAJORITY

The time limit to submit an application, for the Independence Allowance, will be extended from 3 months to 12 months from the date an eligible youth attains the age of 18 years.

Verified by MonsterInsights