Union Budget 2024: A Complete Playbook For Taxpayers, By Vivek Kaul | Easynomics
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- Опубликовано: 21 авг 2024
- Budget 2024 is set to be presented by Finance Minister Nirmala Sitharaman On July 23. Ahead of this crucial announcement, there's mainly 3 things that everyone is watching out for
1) Announcements for taxpayers
2) Announcements that affect stock market
3) How government plans to boost consumption
According to reports, the government IS planning to make life easier for taxpayers.
In this video, author and economic commentator Vivek Kaul explains exactly what to watch out for in the union budget
Watch this video, and you'll be all set to listen to & understanding Nirmala Sitharaman's speech!
#budget #budget2024 #taxation
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I am ready to pay tax, but my life is not improving. Bad road, polluted air, fear of police ...
98% people not paying tax what is usr of increasing 80c and housing interest section.
Free schemes are more in India
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Middle class, employees and pensioners are facing hard ship of multiple taxes in India.
After corona, sitting at mumbai and delhi not going to solve common citizen problems. The prices of vegtables and food items are very high. Inflation is very high , gst on food items are very high. With lesser majority BJP should know it can not survive another term . FM should be careful of middleclass, otherwise they will become poor in next 5years . It is not T20, it is T5.
Price of vegetables are very high Required to be control the price s of vegetables
M 3.0 should complete the unfinished business of demonetization of Rs 100 and Rs 200 currency notes in this budget and financial year itself.😢
Good to have only one tax regime
Notion about lesser taxpayers is not right.
In India, 50% and above of the population is living in the barr min or 1lac around and another 10-15% will be in the 2.5 lac and lesser etc. with various benefits more member/families can be added. Of course, nobody has done any research or come with correct figures, government included. What is left...? The too much tom-tomming in the media) discussion etc is either foolish or baseless. A proper base and outlook needed in approaching or discussing the problem, as the taxpayers are less, and X Y Z country in a another country stats are better
Mostly govt mployees are paying income tax😊
Who get paid salary by private income tax, govt never generates revenue.
My father is also govt employee but he himself states this.
Simple saral regime
One ITR - One Nation
No multiple sections
(No D.A. for pensioners. Than implement to EPFO pensioners too.)
exemption income limit: 10lk
10-15lk: 2%
15-20lk: 4%
20-25lk: 6%
25-30lk: 8%
30-40lk: 10%
40-50lk: 12%
50-75lk: 14%
75lk-1cr: 16%
1cr & above: 20%
Market Capital gains (LTCG+STCG):
exemption gains: 3lk
3-5lk: 2%
5-10lk: 4%
10-20lk: 6%
20-35lk: 8%
35-50lk: 10%
50-75lk: 12%
75lk-1cr: 14%
1cr & above: 20%
Land & Gold capital gains (LTCG+STCG):
~20lk: 1%
~40lk: 2%
~60lk: 3%
~80lk: 4%
~1cr: 5%
1-5cr: 8%
5-10cr: 10%
10cr & above: 20%
Agriculture income tax:
Farmers/general people:
~5acres: 1%
~10acres: 2%
~15acres: 3%
~20acres: 4%
~25acres & above: 5%
for politicians & govt. officials: 10% tax on agriculture income.
One Nation- One tax
Bank Transaction Tax
2.5% on every cridit transaction is equal to present Tax collection of Central and all states.
All other taxes such as Itax, GST ,tax on patrol and diesel will go.
Withdraw 500 currency notes.
This will bring control on corruption and there will daily tax collection
Budget will surplus