PrancingPotato
PrancingPotato

Salaried folks after reading no change in Income tax slabs in Budget 2024

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11mo ago
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SquishyPanda
SquishyPanda
Fampay11mo

This is interim budget. They are literally not allowed to do any changes , just present a plan for 3 months till the next govt forms and presents the full budget

BouncyDonut
BouncyDonut

Modi bhakt

PrancingPotato
PrancingPotato

I doubt that in July 2024 also there will be anything for salaried folks.

PrancingCoconut
PrancingCoconut

No pleasing changes can be done in an interim budget as a rule and honestly only single digit % of population pays tax in India. If they the tax collected on reduce even that then India will go backrupt in the long term

PrancingPotato
PrancingPotato

Bhai…things like 80C limit increase could have been done in last 4 budgets as well. Those were not interim

PrancingCoconut
PrancingCoconut

Yeah that's the latter part of my comment.

Check this out if you have time: https://youtu.be/Ea4lvopZZoY?si=gR9BRC_bRKzrHZC8

I'd benefit from tax relaxation as well, not like I'm a rich guy but there is more to it than just people wanting lower taxes. We need to increase our defence spending as well given the global and border tensions

CosmicDumpling
CosmicDumpling

It is an election year. You literally cannot announce anything new till the elections are done

PrancingPotato
PrancingPotato

Like they did wonders in years before

ZoomyNarwhal
ZoomyNarwhal

These changes aren't meant for interim budgets

PrancingPotato
PrancingPotato

Oh so you know there are changes proposed. Tell us more about it.

SwirlyBanana
SwirlyBanana

Old tax will be removed ..

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