Budget Thread

Post your comments/views over the new budget.

- The government has introduced three new employment-linked incentive schemes to address the job creation gap, aiming to create 50 lakh more jobs and upskill 20 lakh youth through upgraded Industrial Training Institutes over the next five years. - Female employment has been a focus, with plans to set up working women's hostels and creches to help balance work and home duties, aiming to improve women's participation in the workforce. - Corporate tax rates on foreign companies have been reduced from 40% to 35%, and the controversial angel tax on foreign investments in startups has been rolled back to support the startup ecosystem. - The diamond cutting and polishing industry will benefit from the introduction of safe harbour rates, providing tax predictability and fostering a stable business environment. - For personal income taxes, the new tax regime offers increased standard deductions and adjusted tax rates, but comes with higher capital gains taxes and changes to deductions on employer contributions to the National Pension Scheme. Source: Finshots

Being an IT professional what are your expectations from this budget ?

It's funny how people expected lower taxes in the budget, but now they'll pay more on STCG and LTCG. No wonder over 5,000 millionaires, salaried individuals, and top talent are leaving the country every year.

I think tax slab might change under new tax regime.

No tax relief for salaried class. What are your thoughts on the overall budget? What reforms were you awaiting or what do you think are absolutely necessary to uplift the middle/ below middle class of the country?

Is there anything for the co operate majdoor in this budget? Let's comment out if there is anything.