Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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0 replies1 like
mg
News & updatesย โขย 2m
Only In India
If your Earn Rs 30 lakhs from Salary
You pay Rs 8 lakh Tax
If you earn Rs 30 lakh from buisness
You pay Rs 1.5 lakh tax
1 replies9 likes
Sanjay Srivastav. Footwear Designer
Hey I am on Medialย โขย 3m
If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?
Crypto Tax on gains is 30% in india. Incase of emergency what will you choose? Take loan on crypto and repay loan later or just sell crypto and pay tax or any other options you have?
18 replies10 likes
Rohan Saha
Founder - Burn Inves...ย โขย 1m
This morning, I shared a post about the 30% tax notice on crypto, highlighting that individuals are being asked to pay 30% tax on their total turnover. After discussing the issue with several people, I discovered that some Binance users have received
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0 replies5 likes
Rohit Thakur
#startupownerย โขย 16d
If anyone wants to save income tax then I will tell you about a truck. What do you have to do, you have to invest in PM fund, bonds, road sanchar nigam ltd, railways, all these things, this will be a benefit to you, you will have interest in your mon