🔥 What's your take on these BJP policies ?
• No tax on startups and business with upto 2 Crores turnover
• No tax on Indian Upto 12 Lakh turn over
• 10K Thousands Crores fund for entrepreneurs
0 replies4 likes
Mahendra Lochhab
Content creator • 2m
New Tax slab:
0-4L-0%
4-8L-5%
8-12L-10%
12-16L-15%
16-20L-20%
20-24L-25%
24L+30%
People with income up to 12L will pay 0% income tax.
2 replies4 likes
Sanjay Srivastav. Footwear Designer
Hey I am on Medial • 2m
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?
Deadpool’s Tax Tips—Let’s Make It Simple!
💸 Salary below ₹12.75L?
Go with the new tax regime—less pain, less paperwork. Easy peasy. 🥳
💰 Salary above ₹12L?
If your exemptions (HRA, 80C, 80D, home loan, etc.) are more than ₹5L, old tax regime coul
🥳 Great news for entrepreneurs , Modi Government decided to remove angle tax and now people will get investment more smoothly also this will help early stage startup and new investors .
I won’t waste time on old tax regime for two reasons:
-> 70%+ income taxpayers had already switched from it by the end of FY24
-> With what’s announced today, it’s anyway dead. One would have to be a fool to stick with it
So, what about the News T