People are celebrating the new ₹12L no-tax news, but the Direct Tax Code bill might have some surprises.
Hope it's not a trap!
If the D.T.C actually complements the ₹12L no-tax and other slab changes, this budget will be historic. Otherwise, the memes and fun are back in full swing!
#Budget2025
I don’t think there is anything like “historic”, yes it is good, but “historic”, “great”, nope. They brought this relieving change after past so many disastrous and frustrating tax changes- like new tax regime, code on wages act etc. So No, it is definitely nowhere close to “historic”.
I am hoping they start progressive Capital Gains tax. Hope they have tax brackets on CG.
Like 0-2L, no tax 2-3L: 10% 3L+: 20% 10L+: income tax slab
Will give a breather for middle class folks and even many upper urban higher classes, while effectively taxing executives and promoters.
Well it’s literally free money. Why are you worried?
Lol who says 1.5 million rupees, just say 15 lakhs
Standard deduction for employees increased to 75k STCG increased to 20% LTCG increased to 12.5% 🥹🥹🥹
