•
Medial • 11m
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: The standard deduction for salaried individuals has been increased from ₹50,000 to ₹75,000. Additionally, the deduction on family pensions has been raised from ₹15,000 to ₹25,000 . 2. Revised Income Tax Slabs (New Regime): • Income up to ₹3 lakh: Nil • Income from ₹3 lakh to ₹7 lakh: 5% • Income from ₹7 lakh to ₹10 lakh: 10% • Income from ₹10 lakh to ₹12 lakh: 15% • Income from ₹12 lakh to ₹15 lakh: 20% • Income above ₹15 lakh: 30% 3. Capital Gains Tax: • Short-term capital gains on certain assets have been increased to 20% from 15%. • Long-term capital gains on financial and non-financial assets are now taxed at 12.5%, up from 10%. • The exemption limit on capital gains has been raised to 1.25L. Did it reach expectations?
Founder And CEO Of F... • 5m
Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri
See MoreWork and keep learni... • 1y
Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I
See More•
The Institute of Chartered Accountants of India • 5m
You still have to pay taxes if your income is below 12Lakhs.💀 Let’s talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If you’re already aware, great! But if not, this is essential to know—otherwise, you
See MoreHey I am on Medial • 5m
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?
Customer success ent... • 5m
Just invest 10 sec in below 👇 calculator to calculate your tax as per new regime 2025 Tax Calculator comparison as per budget 2025! https://tax.pythontrader.in/ Calculate ur tax as per new proposed slab rates .. just enter your income in this ..
See More•
The Institute of Chartered Accountants of India • 2m
30+ Strategies How Billionaires Avoid Taxes. 🚀 1. Double Irish with a Dutch Sandwich 2. Tax Haven Residency 3. Offshore Shell Companies 4. Trust Funds 5. Carried Interest Loophole 6. Capital Gains Tax Rate 7. Intellectual Property Rights Shifts 8.
See MoreDownload the medial app to read full posts, comements and news.