Increment in tax [Budget 2024]
Standard deduction for employees increased to 75k STCG increased to 20% LTCG increased to 12.5% 🥹🥹🥹
Standard deduction for employees increased to 75k STCG increased to 20% LTCG increased to 12.5% 🥹🥹🥹
Drop your thoughts about ongoing announcement from Budget.
Drop an announcement and underneath people will add their thoughts
Seems like since last year the focus of government has shifted from actually making beneficial policies to enable innovation and growth of India to just collecting taxes blindly.
They just want to harvest tax in as many ways possible a...
This government’s primary intention is to collect more and more taxes in whatever mean’s possible. They don’t give a ...
All the UNBOOKED Gains in your Portfolio would now attract -
25% MORE LTCG (10% to 12.50% is NOT 2.5%, but 25% more), Surcharge extra as applicable.
33.33% MORE STCG (15% to 20% is NOT 5%, but 33.33% more), Surcharge extra as applicable.
We pay income tax, gst etc, no benefits interms of healthcare, education, good quality of life etc. We save our hard earned money to invest in markets to get good returns for our retirements etc. Indian gov is taking money from there as ...