Budget 2024: Income Tax Slabs Unchanged | Subscribe to Firstpost
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- Опубликовано: 6 сен 2024
- Budget 2024: Income Tax Slabs Unchanged | Subscribe to Firstpost
Finance Minister Nirmala Sitharaman has retained tax rates for both direct and indirect taxes in the Interim Budget 2024-25. However, Sitharaman announced that the government will withdraw old disputed direct tax demands for a certain period. Outstanding tax demands of up to 25,000 rupees pertaining to the period up to the financial year 2009-10 and up to 10,000 rupees for financial years 2010-11 to 2014-15 will be withdrawn.
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This is very disappointing that every year middle working class doesn’t get any tax benefits
Section 80c should be increased upto 4 lacs
More benefits on home loans
Individual benefits for gst
Increase in section 80d
Also remove gst from insurance premiums or provide the insurance from the tax amount paid
Tax katwa k savings kro or fir usme bhi tax do.
Leave the country bro. I have already left in 2022
Very well said I also left this pathetic country in 2022 bro and m happy and no smell in the neighborhood@@debarshidutta349
I have decided not to vote nirmala ji forever thanks for understanding.... Who are with me
It's a punishment for an employee😢
The fact is you are not even employed....Before spamming this soft influencing sh!tty comments please have some sense
If less than 2% are paying income tax ,that means the system is failure. Even some road side vendors are earning 1 lakh per month, but they never pay
Up to 20 lakhs for small scale no need pay tax
Upto 20 lacs not required to report and not required to pay GST. coming to Income tax since they are keeping or maintaining books as per Income tax act presumptive taxation if the they can declare 8% of turnover that is 20 lacs 8% as Income which amounts to 1.6 lac Income which is far lesser then 7 lac limit so they are not required to pay any Income tax.
@@vanacharlasaipavankumar6331ok but then similar kind of benifit salaried people should also get,you can differ from this but most of salried people who are getting more than 7 lakh and above may agree with me
Not system but us
We want everything for free and we cry for poor , what else would happen
True
I am not giving vote to anyone this time. No change in tax slab, no vote.
How much tax you pay?
Bhag naa
Vote is not only about your pocket but it's a civil responsibility to elect a government or opposition for the development of the country or nation as a whole brother..Don't be an egoist...See the broader picture...Nation first and then your pocket.
Bruh ... Entrepreneur here ... I pay over 1,00,000 in GST every month ... I own a small SAAS Company ... I would say it's worth as the govt. Provided environment with startup friendly initiatives where my business can grow in the 1st place.
Sir 100000 which you are paying is not out of your pocket it's end consumer who is paying
Looting our tax payers money
This would have been best comment before 2014
All the guns point at tax payers. I paid huge tax and huge penalty too. My neighbour deals in cash - no tax, got refund. Went for a vacation 😂
Neighbour may be a BJP party activist.
@@jaab007yeah it's bjp that opposed digital payments while Congress is opposing cash payments 😂
@kanupriyaIndianyeah we pay tax and government waive off loan of people who give them funding
@@jaab007 as per your words congress brought digital economy
Tax Rules 101 are not for beginners😂
This is very disappointing for middle and lower middle class.
We are not money mechine for the government.
No vote to BJP for taking middle class as a ride
Good vote for Rahul and indi
Inflation increase every 6 months, tax slabs are stuck at same levels since years
We'll appreciate if Government is realistic while making Policies.
😊
.
Income tax is an intrusive tax and should be abolished. Replace it with a consumption tax only at point of final sale . No income tax supports this tax happily.
Stop fooling Ms Sitharaman. You are just a Tax Collector and not FM.
@@Mr.Lavnasurjust collecting tax no benefits to them ...
@@Mr.Lavnasur recommend to Modi.
Well said ❤
Only salaried are worrying 😢😢😢
I appreciate the tax payers for their continued support.
Le tax payers: Aur koi rasta hai hamare pas?
The middle class always suffers... the Ambanis and Adanis get 1000s of chores of loans exempted, and the middle class gets higher taxes... And people call the govt successful...
Worst Finance Minister I have ever seen...
Totally agree that the tax payers shoulder major contribution to our country... only one good thing is ,, we get to see correct use of our m9ney on our Infrastructure and development projects.
Gradually income tax should be abolished and load it on the luxuries and the wealthy segments.
Disappointing This government is good for nothing for typical working class.
Ohh really I am saving 17500 rs a year what a achievement now I am going to be the richest person In the world
Why is she talking about 2013-2014 in 2024 ??? Isnt it to be compared with the previous year...why so complicate!!
She is fooling everybody😂😂
@AkashVerma-lg1thinwas so wrong that I voted for modi pee 😂
The genuine private sector tax payers die earlier because of more work hours and there is no extra bribe money and pension for them like public sector.
Tax slabs should be different for private and public sector.
Government must increase the tax base rather than only depending on the salaried class. why wouldn't a rich farmer with acers of land and crores in bank be spared from the tax..This is unfair unethical injustice..
Hope someone conduct survey about Tax topic so at least it gets viral for the Govt to address..
The taxes are more than savings... still no job guarantee , benefits... School, Health Insurance everything needs to be taken care by the individual...
Change in tax slabs in congress government.
30 % income tax slab in 2005 -- above 1,50,000
30 % income tax slab in 2006-08-- above 2,50,000
30 % income tax slab in 2008-11 -- above 5,00,000
30 % income tax slab in 2011-13 -- above 8,00,000
30 % income tax slab since 2013 -- above 10,00,000
Based on inflation and when number of people paying taxes increases, tax on individual should reduce.
The government did not change the 30% slab since 10y and no change in 80c, no change in many exemptions.
Why do bhakts still support this govt ?
Blind bhakts are reason and responsible for this.
It's punishment for people who can't bare private school but couldn't compromise on govt school but every year budget no change in 80c ... I feel govt has ego to accept their failure otherwise they simply change 80c as per present day situation
Smt nirmala ji, we pay taxes heavily from our hard earned money, but it's being looted ....cannot digest😠
The status of the poor people is getting worsened...esp agriculturists...pls find a way to improve their ĺifestyle🙏
Take Cash from Ordinary Tax payers and PAY ADHANI & COMPANY..SHAMLESS FINANCE MINISTER..YOU guys eat our own Hard earned money..
Yes, they are shameless..
This time i will press Nota.
No tax change no vote
@kanupriyaIndian 2014 1 cup tea 3 rupee now 10 rupee. No it's not a good point
Fm nirmala will not decrease gst,will not decrease petrol diesel and gas cylinder prices, will not increase income tax ceiling ,will not give benefits to senior citizens, will not decrease railway tickets fair, will not re introduce concessions of senior citizens, will not give benefits to employees and middle glass. She will decrease corporate tax sales tax, higher income tax limit slabs to Ambani, Adani and corporates.
This lady will drive hardworking people to get out this country
We are always proud of our honorable PM Modiji leadership
Up from 2.5 in 2013-14 in reality from 1957..
Can't even match the Inflation from 1957
7 lakhs per month or year madam
It has to be in a year. Don't mind if it's taxable per month income 7lakhs and above.
I think you are new to budget everytime it will be expressed per year
Main problem is not yax , main problem is that even after paying tax no good transportation system, Roads on holes, one half and hour rain and roads are become river, even an mla has 2 fortuners while an middle class person think 100 times for take a new car, and beyond that he think 1000 times for the fuel cost ,that is the main problem
Individual salaried people gives TAX. But they did not get anything.
The rebate u/s 87a has been increased to 7 lac so not required to pay any tax upto 7 lac income and also standard deduction is allowed in new tax regime and upto 15 lac they income tax will be now capped @ 1.5 lac and for 9 lac it is 50 thousand. This budget has something for you only thing is you need to know.
@@vanacharlasaipavankumar6331
1> I have purchased LIC insurance to avail the deuction under 80C but why I have to pay GST during purchase?
2> I purchased mediclaim policies for self and parents. The end user of the mediclaim policies are the Doctors and hospitals. They are earning by my policies, Then why I have to pay the GST during purchasing the policies?
3> The 1.5lacs benefit under section 80c is not sufficient. Because the cost of living, earning etc increased. Govt should increaase the limit of the deduction under section 80C
4> I am individual tax payer. When I purchhased a car, I have to give huge tax. Then this whole deducted tax should be considered and my tax should be reduced that much amount.
5> In my family, I am the only earning member. I have to bear expnese of my parents, spouse, son etc.
If husband and wife both are working even they pay tax but their burddon of family expenses are very less considering to me. From humanity ground, should I not get extra tax deduction!!!
There is much more...
இந்தியாவின் நிகழ்கால இரும்பு பெண்மனி மத்திய நிதிஅமைச்சர் ஸ்ரீமதி நிர்மலாசீத்தாராமன் அவர்களின் மக்கள் பணி வாழ்க வாழ்க வாழ்கவே 🙏🙏🙏🙏🙏🙏
RIP government...
--Taxpayer
WoW ! This woman is a turf hard-core personality her intelligence can be seen in her's eyes its a good thing India got her ! for the right job ! brilliant !!! 👏 🧡S India 🇮🇳
😂
If eyes speak everything then atleast there should be zero GST on spectacles.
@@jaab007😂🤣
Useless and shameless
From 2014 to 2024 prices have quadrupled.
My CA was asking need to pay 80000 more as TDS not deducted. Now my balance is 839rs😢. Why we are paying Taxes. As we are not getting good medical facilities no good education. Lame yaar
In India we are paying tax every month because of a salaried employee then we are paying taxes on purchasing anything from market. Also paying toll tax , house tax, x tax y tax. And at the last for giving a good life to our family we have to take personal loan home loan car loan. In India it doesn’t matter how many persons are dependent on you. They are just busy to collect the taxes. It is really sad that our hard earned money is used for their enjoyment.
It’s very sad that only employees pay income tax !!
Everyone is talking about middle class suffering. But the current state of our economy is so bad that we are operating on 30-40% on debt. And debt is climbing year by year. Government institutes doesn’t generate anything substantial to support growth. And I don’t expect them to given the state of how all these government institute works.
I will instead pitch in for complete opposite. There should be tax implications for everyone. Everyone should be paying. Make the the slab
0-5lakh 5% and so forth.
People comparing our economy with Dubai where is no tax. They should look at how the whole Dubai economy is fueled by oil, which are government owned and brings more than enough that income taxes won’t even matter.
It's punishment for who voted BJP party, and who are not voted for BJP, there are also suffer 😢😡😡😡😡
I am a marwadi and salaried employee..paying 20k per month...my all relatives have shops all over India and earning 10 times than me but paying either zero or few thusands for whole year ...
Tax payers
Tax on earning
Tax on spending
What about others
Tax only on spending
I depreciate FM for their no support to improve taxation
It's very shameful that salary now not sufficient , plz make business person tax increase not from working person
Very good work 👍🙏🙏
I think british didn't leave.
They are much better
@@Sai24668🎉
Worrest tax system in India
why the Modi government not taking a chance of tax deduction from both MLA's & MP's whose contribution is also so necessary for the nation.
And explain why uk still sending aid to this country when they boast the largest middle class and why are the ignoring the embargo on Russian oil they are taking advantage of the Ukraine War
Agree we IT guys strongly believe that this is not employee friendly budget as usual
Not done
Taxpayer are supporting but govt does not supporting Taxpayers
As if it's a very big change from 2013-2014. Have you seen the inflammation. I would happily pay 2013-2014 taxes then to contribute in today's tax scheme
All people support education quality health quality work 💪 no free 🙏
Tax reduction for Ambani and Adanis only.
Middle class people’s thanks for your contibution to Country and Super rich.
What does middle class and low class people get back from the Paid taxes. Matrenity holidays with pay - No,
Hospital insurance - No, Job security - No, Will govt pay my salary atleast for 6 months if i lost my Job- No.
So so SAD ….😢
2 crore people are bearing the burden of 140 crore people.
வாழ்க பாரதம் வாழ்க பிஜேபி
வாழ்க பிஜேபி வளர்க தாமரை
வாழ்க நரேந்திரமோடி ஜி
வாழ்க நிர்மலாசீத்தாராமன்ஜி
😂😂😂😂 what a joke man good one seems like you are from Congress or opposition only adding to frustration of people 😂
This is a interim budget,Our FM is ready to sell all assets on the name of privatisation and govt responsibility in July 2023. 😂😂😂
FM ,please withdraw old tax scheme
Upi payments with every small shops and roadside vendors has become a fashionable thing and as a tax payer you can also bring them to pay taxby using only upi payments so that our fm can congratulate them also in the upcoming budgets for supporting the development of economy 😂
Paani poori waala earns 5 times than a govt employee and pays 0 tax
Rich can avoid taxes poor( thought most of them are not ) will get benefits, middle no benefit n pay full tax + GST for all 🤦🏻♂️🤦🏻♂️
2% population paying 20% of tax contribution.. how shame
Thank u Nirmala mam for helping lower middle class man
Punishment for private company employees, who slogs for hours and their hard earned honest white money is taken by govt. in the form of tax. Again n again only middle class suffering.
7 lakh for only new regime or old regimes...for new regime it doesn't deal with savings at all😢
The main point is 7 lakh tax exemption is for New Regime not for Old Regime. Let me give money this way or that way.😮
One of the worst finance minister India has ever seen. People will not forgot what you have done to the people during lockdown.
Most incompetent FM ever in the history of India.
Tax rates should be rationalied. Say 10 15 20 25 etc maximum shold be 25 above 25 lakhs. Now it is 30 above 10 lakh
The budget is like a mobile tariff. Reduce in one and increase in another. What about the food inflation
You are welcome.
Individual tax payers's saving amount to be increased upto 3 Lakh.(₹1.5 Lakh continues many years. Why? )
Income upto 7 lakh that's a pretty good step but what about 42.7%, I am concerned because my father earns 14 lpa
We middle class people work day and night and earn money, the burden from inflation and fuel prices already on our shoulders and there are no income tax excemptions and you consider 7 lakhs as a super good amount for income tax exemption, people living in metro cities post covid the expenses have increased a lot, so even with the taxes we pay what taxpayers get in return increased burden for all the corrupted politicians and govt officials to loot even more and have it saved for thier next 7 generations to swim in luxury , the current system is sucking from the middle class.
Useless Budget
Small Farmers need Complete Loan Waiver
Free electricity free bus Travel
₹1 lakh For poor women early
Free Education till phd
Be it MBBS or Engineering 😂😂😂
इस देश को जितना अंग्रेजो ने नहीं लुटा होगा जितना ये लोग लूट रहे हैं,चर्म सीमा पर महंगाई उपर से टैक्स और.....क्या बचेगा
Loot the tax payer and give freebies to the poor and beggars and allow the corporate to enjoy all the loopholes and loan waivers … this crazy system of this country never going to change
Please focus on increasing the number of tax payers rather than squeezing out the max from existing ones.
The worst finance minister
Study hard ..work hard..pay tax, and this goes to directly or indirectly to those who don't do the same
Please compare fuel costs in 2014 and now😂
"Maja nehi a raha hain"
Waiting for the day when govt will take 100% of earning from business, content creation & related as Tax
No waiver of tax for pm, ministers and have to pay tax on their perquisite.
No change in tax means no vote..😢get the hell out of here
How much tax you have paid, I want to thank you accordingly. I want to understand whether you are eligible to appreciate the taxpayers.
Modi ji plz change fm n IT slabs if possible come up with new thing that doesnt penalize middle class for being in India
Very disappointed, these are the people who said there won’t be taxes for first 5 lakhs in there elections manifesto almost ten years back
What is the meaning in paying GST after paying 34%income tax
Before elections upto 7 lakhs, after elections change 5 lakhs , she did last year, she is not intelligent minister.. 😂
Very bad budget , making country worst financially , tax system is worst
This is the worst FM I am never going to vote for modi again. I am fine with a Pappu who would think of middle class.
Road vendors earn lakhs middle class don't even have kids
We are not paying..
You are taking from our salary/pocket.
Both are different
MLA and MPS must pay wealth tax