Personal income tax rates:
Standard deduction up from 50K to 75K
Tax rate slabs changed:
0-3L: nil
3-7L: 5%
7-10L: 10%
10-12: 15%
12-15L: 20%
15L+: 30
TDS up 14%
stcg 20% /ltcg up 12.5 %
LTCG goes up to 12.5% from 10%.
STCG goes up to 20% from 15%.
Angel tax removed
TCS to be offset against TDS on salary
Reduce customs duty on gold and silver to 6%!!!!
GOLD DOWN NOW BELOW 70000
Atleast there is consistency in increasing taxes.
CAPITAL GAINS to be effective from Today
Finance
Stcg and ltcg change is a big negative change 
Paisa hamara, risk hamara, loss hamara , govt baith baith ke Paisa khayega... Muftkhor govt
Atleast she could had increased ltcg exemption limit to 2L
And literally no change in the tax slab for 30% tax payers
Standard deduction
STT Increased to 0.1%.
Angel tax
Capital gains to be effective from Today @DEEPANGEORGE
How Cleverly they are trying to leverage the increase of retailers in Stock Markets/MFs , trying to loot common man in every possible way.
and for those who use Old Tax regime - it feels like a crime now , while 99% of tax is coming from old regime folks , they are ignored completely.
Capital gains changes
1) Only two holding periods: 12 and 24 months
2) Gold, debentures, bonds will be 24M (along with unlisted shares and RE)
3) All listed securities (incl bonds) will be 12M
4) STCG increased from 15% to 20%
5) All LTCG is 12.5%. No indexation anymore. This is important. Even for real estate!
6) LTCG upto 1.25 lakh is tax free (from 1 lakh earlier)
These changes are only from July 23 onwards. Meaning whatever you sold till today was under the older tax, even in this financial year.
NO INDEXATION 🥹🥹
Property LTCG now 12.5%
Upto 8.25 lacs no tax if you have salary.
real estate big negative due to LTCG
Govt will ask the state govts to reduce stamp duty
debt mutual funds bought before last year to get that inflation indexation post 3 years - it will no longer apply if LTCG changes is implemented
well i mostly have equity but still have some part in debit like 5 or 10% of my portfolio in MFs so ya it sure will affect
If new stcg and ltcg rate are going to effective from today onwards why not personal income tax slabs too? Or they also will be effective from today
Ay year filing
Union Budget 2024 has raised the deduction on employers' National Pension System (NPS) contribution to employees' basic salary from 10 percent to 14 percent. This will apply to public sector companies, private sector under the new regime.
Correct me if I am wrong.. suppose I am investing in mutual funds ..so to beat FD rate (assume 6%)
We need the following XIRR
assuming you dont have any taxable income because FD interest is also taxable as per your tax slab that can go upto 30%
For somedays..only budget in discussion everywhere..
Middle class hatao, gareebi lao
One aspect of removing indexation from Real Estate is good for people with less income-
As now people with big money may go towards other investment options. So reducing demand in Real Estate thus reduced price for the people who just want a Flat/Home to live and not for investment.
Unless stalled by litigation regarding this particular ltcg clause
Good days
.
T- Acche din ???? 
Sabse jyada jhatka laga ha real estate walo ko.Capital gain se indexation benefit nikal diya.That means no inflation adjusted calculation while selling real estate.Govt is slowly but surely moving towards DTC (Direct Tax Code). Matlab aap jahase v kamao, tax as per slab Dena padega.Govt is discouraging people to invest in share market, mutual fund, real estates..But where should we invest then?Really pathetic
They want us to be like western nations. No saving for future earn spend enjoy.
They have demotivated the working class to the extent of depression.
This government is a sort of administration which punishes the one who follows the rule and is a good citizen of the country.
![Grocery items upto 86% off [location speicfic]](https://cdn2.desidime.com/topics/photos/1845169/medium/Screenshot2024-09-07at12.00.12AM.png?1725648016)
Basically a middle finger😭
How Cleverly they are trying to leverage the increase of retailers in Stock Markets/MFs , trying to loot common man in every possible way.
and for those who use Old Tax regime - it feels like a crime now , while 99% of tax is coming from old regime folks , they are ignored completely.
Capital gains changes
1) Only two holding periods: 12 and 24 months
2) Gold, debentures, bonds will be 24M (along with unlisted shares and RE)
3) All listed securities (incl bonds) will be 12M
4) STCG increased from 15% to 20%
5) All LTCG is 12.5%. No indexation anymore. This is important. Even for real estate!
6) LTCG upto 1.25 lakh is tax free (from 1 lakh earlier)
These changes are only from July 23 onwards. Meaning whatever you sold till today was under the older tax, even in this financial year.
NO INDEXATION 🥹🥹
Property LTCG now 12.5%
@1_DAY_U_MAY @TridentDG
@DEEPANGEORGE