India Budget: Will India’s budget attract more taxpayers? | World Business Watch

As the big day approaches, India’s individual taxpayers are eagerly awaiting potential relief measures. With the interim budget of 2024 offering little in terms of tax benefits, there are high expectations for substantial reforms this time around. Our next reports explores the key changes that could significantly impact the middle class. Take a look.
#india #budget #tax
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[@gvvskm2024]

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%

[@PremdasDutta-iw7nw]

No income no tax.

[@PremdasDutta-iw7nw]

Modi government broke down the back bone of poor citisens.

[@user-dv9tz3wu6b]

huh? no they were always lazy to work
Modi gov broke down the back bone of middle class who work harder

[@PremdasDutta-iw7nw]

Why the gdp par capita is not increasing.

[@pcaso]

Because people like u dont contribute

[@PremdasDutta-iw7nw]

Modi government is greatly confused.

[@sunilkumarpatnaik6953]

Modi Govt Tax load need more RELIEF in upcoming budget....or.... seat in opposition seat. Choice....

[@user-dv9tz3wu6b]

alternative for Mediclaim premiums/insurance, as insurance are all scam, nothing gets processed
better take the bills as proof instead of Mediclaim policy
if Modi Gov doesn't it means Mediclaim companies are like Adani company who enjoy lotting taxpayers money

[@PremdasDutta-iw7nw]

Central budget bypasses non bjp states.centre takes no step to force bimaru states to reduce population.hindi speakers are infiltrating non hindi states.bankers railway of hindi speaking people are employed in non hindi states.