What are the expectations from budget 2024 ??
Being an IT professional what are your expectations from this budget ?
I predict stock markets will crash by 2%. They might raise Capital Gains taxes. Tax on F&O might increase. They don't have money, and they have to fund all their defence, infra Capex.
Middle class gets f###ed as always
Guessing
Direct Taxes:
🔹Tax slab changed. Need to check how it'll impact the in hand salary. (neutral)
🔹STCG and LTCG increased 🔻
🔹Cap gain limits increased by 25% ✅
🔹TCS to be offset against TDS (pata nhi kya he)
🔹Angel tax abolished ✅
Dar ka mahol hai
And it Started.
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.
Btw this year it's interim budget as current government will go for mandate in 2024 May.
So, what to do you think on tax rebates, nps and populist schemes again.
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?