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Dexter Capital Advisorsย โขย 11m
Look at the image. That's what PM Modi did to the middle class in the budget today. Just the finger was a different one ๐๐ It made a mockery of the middle class in this budget. To be precise, it is all about two numbers- Rs 17.5k and Rs 7k crore. What are those numbers? Letโs dive deeper. .. Govt today revised the income tax slabs for the new tax regime. Plus, it revised the standard deduction for salaried from Rs 50k to Rs 75k. And in the BEST CASE, that will help the Indians in this tax regime save Rs 17.5k a year. And overall, as per Nirmala Tai, this will come for Rs 7k crore. Meaning, a relief of Rs 7k crore a year! Claps? Ghanta! Slaps ๐๐ .. Let's be real, Rs 17.5k in the BEST CASE scenario is hardly a game-changer. It might cover a few months of groceries, but it won't significantly impact their overall financial well-being. It wonโt increase their disposable income. Nor will it strengthen their bank balances. Nothing. Worse, with inflation soaring and expenses piling up, this is a mockery of the financial burdens faced by the middle class. .. And letโs put that Rs 7k crore into perspective. India's middle class is estimated to be over 30 crore people. A Rs 7k crore sacrifice is a drop in the ocean compared to the taxes collected from this vast demographic ๐๐ .. So tell me, is the government truly committed to easing the financial strain on the middle class? Or is this a token gesture? The true answer is neither. .. This announcement was not about benefitting the middle class. This was about making the new tax regime appear more lucrative than the old one, which continues to be the choice for most taxpayers despite Modi Govt making new attempts year after year. .. While the government may claim to prioritize the middle class, its actions suggest otherwise. The Budget 2024 is a missed opportunity to provide real relief to those who need it the most. Maybe, the Indian middle class has no option but to find ways to send their sons and daughters abroad. After all, why the heck not? Who wants us here anyway?
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Dexter Capital Advisorsย โขย 5m
I wonโt waste time on old tax regime for two reasons: -> 70%+ income taxpayers had already switched from it by the end of FY24 -> With whatโs announced today, itโs anyway dead. One would have to be a fool to stick with it So, what about the News T
See MoreContent writerย โขย 5m
In the financial year 2025, the direct tax revenue has hit an impressive โน16.9 lakh crore! Hereโs the breakdown: - Personal tax contributes โน8.7 lakh crore - Corporate tax is at an astounding โน27.7 lakh crore - Securities transaction tax stands at โน
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Dexter Capital Advisorsย โขย 1y
3k crore of taxpayer money burnt in the last two years ๐๐ And Modi Govt is set to burn another Rs 1.2k crore in FY25 for what is clearly another Air India in the making. For what? And worse, this time, there may be no buyers either. .. FY23: Go
See MoreYour Curly Haird mal...ย โขย 5m
Deadpoolโs Tax TipsโLetโs Make It Simple! ๐ธ Salary below โน12.75L? Go with the new tax regimeโless pain, less paperwork. Easy peasy. ๐ฅณ ๐ฐ Salary above โน12L? If your exemptions (HRA, 80C, 80D, home loan, etc.) are more than โน5L, old tax regime coul
See MoreHey I am on Medialย โขย 3m
Change my mind: A middle-class person who cannot afford to buy a home in a metro city takes a loan and spends a lifetime paying EMIs, while the government incentivizes this through tax deductions. This is a pure strategy to enrich the real estate t
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