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- 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

Full Budget FY25: Key Highlights and Implications

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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.

Budget 2024...

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Budget 2023

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Me after spending July's budget in May

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

Budget for Co operate majdoors

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Do you think we are being cheated by the government!

We are paying every form of tax available on earth 🌍

Budget

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Tax Payers!!! How are you feeling, no tax relief in budget.

- The government has abolished the angel tax for all classes of investors starting April 1, 2024, to boost the Indian startup ecosystem and entrepreneurial spirit.
- A central outlay of Rs 2 lakh crore has been passed to facilitate employment, skilling, and other opportunities focused on MSMEs.
- To enhance the ease of doing business, the government plans to simplify rules for FDI and overseas investments, and extend C-PACE services to reduce closure time for LLPs.
- The government aims to expand the space economy 5-fold in the next 10 years and has set up a Rs 1,000 crore venture capital for this purpose.
- The budget includes measures for climate finance to support the country's climate commitments and green transition, along with raising LTCG and STCG taxes. 

 Source: Entrackr

Key Highlights of the Union Budget 2024-25 Impacting the New-Age Economy

I think tax slab might change under new tax regime.

Buzz around Income Tax in budget. Do you think anything will change ?

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How did you folks find the budget???

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Taxpayers receiving 'Thank you' for their Contribution every year.

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Coming Tomorrow.. 

What is your expectation?

Budget 2024! 🏦

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What are your views on upcoming budget?

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Budget so historic that your funds become history…

Post your comments/views over the new budget.

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What's happened in budget?

- No changes in old regime.
- No tax reliefs.
- No changes in 80C
- Increased STCG and LTCG for stock and MF investments.

They increased the standard deduction in new regime from 50k to 75k and called it as "a tax relief to middle class"

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