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
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Anonymous 6
Stealth • 6m
What is standard deduction increase??
0 replies1 like
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Sanjay Srivastav. Footwear Designer
Stealth • 18h
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?
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
AVOID this mistake WHILE taking deduction of interest (saving +fixed deposit)in your ITR🔴🔴🔴🔴🔴
Since ITR Season is around, highlighting common confusion
➡️For Individual & HUF - We can take a max deduction of 10,000 on interest from a savings a
If I purchased an EV before 31st March 2023 I would have availed a deduction of ₹150000 under section 80 EEB.
If you purchased an EV did you avail the deduction??
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Venktesh R
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What do you prefer?
1. Freelancing - Slow & exponential growth
2. A Job - Standard & steady income