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
Next time they will make 1LPA people to pay tax and cut corporate tax to 1 percentageš¤”
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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
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
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ā¹27 - Borrowings & other liabilities
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Any CA here how much is tax to pay on 30 lpa salary
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3 things that haven't changed in last 10 years and will not change in next 10
3- Corporate employees trolling their HR.
2- Finance minister cruelty towards middle class people.
1- Rahul Gandhi
#corporate #india #hr #rahulgandhi
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Indian Tax slabs
Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown:
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**Tax Revenue Hits Record Highs** š
The governmentās net direct tax collection, post-refunds, surged 15.4% to ā¹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ā¹15.02 lakh crore. š°
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When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individualās total income for the current financial year. This increase in incom
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1. Money-minded (looking for shortcuts to make big moneyĀ )
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1. Moye moye