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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

Income Tax Old Regime vs New Regime All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.

If you are a freelancer, or are just curious what it holds on the taxation front, Section 44ADA can mean huge tax savings. Here is a detailed breakdown - https://shriharsha.com/salary-to-contract-44ada/ Also bonus - a tool to compare your potentia

What is your opinion on the new tax regime?

If someone is considering switching to the new tax regime or finds the new tax regime difficult to understand, they should take a look at this once.

The Mindset War Between Old Money And New Money. On the surface, wealth is wealth. But beneath the cars, the clothes, and the social media clout lies a silent war—a war of mindset. New Money: I made it Old Money: We’ve sustained it for generations

**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰