Union Budget 2024 (aka) How to screw middle class? 🤷🏻

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"

5mo ago

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BouncyCoconut

Stealth5mo

High time we stop caring about budget and just focus on increasing the income instead

SillyDonut

TCS5mo

💯

PerkyNoodle

Gojek5mo

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.

GroovyBoba

X (formerly Twitter)5mo

First world taxes, third world amenities.

WigglyMochi

Oracle5mo

There won't be any change in 80C now. Bharat is moving towards New Tax Regime. There won't be any changes now in Old Tax Regime. Don't hope for that at least.