https://www.desidime.com/comments/permalink/10221794
ONE PICTURE to understand TAX changes in budget
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Okay guys after all the analysis & high level clarification -questions discussion etc I got a ONE PICTURE to explain this yearTax changes which is so SIMPLE THAT ONLY ABOVE PICTURE IS SUFFICIENT to understand all of it
NOTE this is generalized & may have some exceptions
IMAGE EXPLAINS ITSELF please feel free to discuss if not.
Only for salaried income
New tax regime
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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https://www.desidime.com/comments/permalink/10221800
Hence become an entrepreneur or freelancer xD and redo the math xD its more beneficial:) in addition to salary income
so having income from various source really helps a s you can show business income that way
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https://www.desidime.com/comments/permalink/10221923
https://www.desidime.com/comments/permalink/10221926
Any way to calculate to add effective total tax % paid for each
https://www.desidime.com/comments/permalink/10222131
It's a simple calculation bro your slab rate + cess (if any) -rebate + consumption tax in form of gst depending on spend categories + LTCG+STCG it's made very simple under new tax regime .....
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https://www.desidime.com/comments/permalink/10222393
This picture needed a minor but important change. Here it is 
https://www.desidime.com/comments/permalink/10222545
But one doesn't pay 30% tax on whole income....only part exceeding the 15 lakh will be taxed 30%.
If am not wrong ?
Plus there was a time when government used to tax approx 98% on income in Indira Gandhis time.
She might not be the best but the best among the available FMs.
https://www.desidime.com/comments/permalink/10222565
That's true it comes around 18 -19 % including CESS on overall income for upto 50lakh Or somewhere around it but beyond that it again shoots up.... Reaching late 20s by 1cr ..... This numbers may be bit off because quoting out of memory..... And this is how people don't understand
Because 30% taxes are above 15 lakh income & even get certain benefits for doing so..... And yes that's subjective but generally is true
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https://www.desidime.com/comments/permalink/10222873
End mein same taxes bol ke chali gyi yaar...
#Budget 2024
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Would report this insight to cbdt so that they fix this in next budget 🤣🤣🤪
Hey just was kidding that's what I was telling since that car tax post.....this pushes or incentivizes people to create business or give jobs rather than seek jobs
Salaried are always at bottom of TAX PYRAMID