They increased the standard deduction in new regime from 50k to 75k and called it as "a tax relief to middle class"
High time we stop caring about budget and just focus on increasing the income instead
💯
True. But increasing the income is also very difficult in current situation. Tech jobs are very scarce now. With so much hard work even if we increase our income to say 20% then the tax also increases along with it.
You pay 12.5% LTCG for your profits and then you have to add that profit to your total income and pay additional tax. What kind of monsterosity is this?
It's just a rant and it's quite painful. That's all.
First world taxes, third world amenities.
More people will move to places like Dubai to save taxes now. That's the only option currently enabled seems like 😊
BJP for a reason 🤡
Standard deduction for employees increased to 75k STCG increased to 20% LTCG increased to 12.5% 🥹🥹🥹
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?
There will never be tax cuts for the middle class. It will keep increasing till we reach Europe level taxation. ...
