Modinomics 3.0: What Do Taxpayers And Middle-Class Need From Budget 2024-25?

#modinomics #taxrelief #economicgrowth #middleclass #taxreforms
All eyes are on the Union Budget 2024 and expectations to bring substantial tax reliefs and support for industries, farmers, and the middle class are high. Experts believe the government may introduce additional deductions and raise the 80C deduction limit to make the new tax regime more attractive. There is also anticipation that 80C benefits could be extended to the default tax regime to encourage adoption. Experts also believe that rationalizing these tax slabs could significantly increase disposable income, thereby boosting economic activity and GST collections. Business Today TV’s Sakshi Batra speaks with tax expert Gauri Chadha.
#UnionBudget2024 #TaxReliefs #economicsupport #IndustrySupport #FarmerSupport #MiddleClassRelief #taxdeductions #80CLimit #NewTaxRegime #TaxSlabs #EconomicActivity #GSTCollections #BusinessToday #SakshiBatra #GauriChadha #taxexperts #FinancialReforms #IndiaBudget2024
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[@chetansapariya7762]

Good job 🎉🎉🎉🎉

[@gvvskm2024]

Good news:
Below structure under progress:
Old tax regime: withdrawal
New tax regime:
Exemption limit: 5lk
5-10lk: 2%
10-20lk: 5%
20-40lk: 10%
40-60lk: 15%
60-80lk: 20%
80lk-1cr: 25%
1cr & above: 30%
Market Capital gains:
Exemption limit: 3lk
3-5lk: 2%
5-10lk: 4%
10-20lk: 6%
20-50lk: 10%
50-75lk: 15%
75-1cr: 18%
1cr & above: 20%
Also, EPFO base pension increases to Rs.7500 from Rs.1000
Modi 3.0 & bypolls results shows taxpayers & pensioners revolt.