Budget 2024: How it impacts Personal Finance and Economy | A simplified guide

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  • Опубликовано: 13 сен 2024

Комментарии • 81

  • @ETMONEY
    @ETMONEY  24 дня назад

    Click here to watch this video in Hindi
    ruclips.net/video/-19IatqzGW0/видео.html

  • @anbuarasu4705
    @anbuarasu4705 Месяц назад +33

    Slowly they will increase the LTCG to 30%. Govt wants the middle class to stay middle class forever.

  • @ankitjoshi152
    @ankitjoshi152 Месяц назад +8

    If a middle-class man in Bharat invests 1000 or 5000 rupees in SIP every month, the market is overbought and cash from the bank is reduced, but when a FII buys 2000 or 5000 crore rupees daily, it remains undervalued.

  • @rkn3383
    @rkn3383 Месяц назад +13

    Tax minister not a finance minister.

  • @TheITguy4u
    @TheITguy4u Месяц назад +11

    Theme had middle class 😂😂🤣 like how to destroy them

  • @ronniewilliams-g222
    @ronniewilliams-g222 Месяц назад +11

    Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

    • @AdamWright8fool
      @AdamWright8fool Месяц назад

      We've all made mistakes at some point. You should consider financial planning

    • @RhysHuntoffice
      @RhysHuntoffice Месяц назад

      True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.

    • @RichardGeorge-uj9iu
      @RichardGeorge-uj9iu Месяц назад

      Do you mind sharing your financial planner ?

    • @RhysHuntoffice
      @RhysHuntoffice Месяц назад

      Leah Foster Alderman

    • @RhysHuntoffice
      @RhysHuntoffice Месяц назад

      You are most likely to find more info when you look her up.

  • @gurvindersingh6172
    @gurvindersingh6172 Месяц назад +2

    Please clear taxation on multi asset mutual funds (is that 12.5% after one year ?)

  • @sachin1632
    @sachin1632 Месяц назад +2

    Mistake at 1:21. Tax reduced by Rs. 10000 even for those earning more than 12 Lakhs due to changes in slabs itself.

  • @tkdhanesh01
    @tkdhanesh01 Месяц назад +5

    The biggest joke is the increased rate for long term capital gains

  • @manishrao1741
    @manishrao1741 Месяц назад +1

    In the table 3:26, New STCG for listed bonds & Gold/Silver ETF should be slab rate instead of 20% because STCG increased from 15% to 20% only for listed equity share, units of equity Oriented Fund(ETF or Mutual Fund), units of Business Trust under section 111A.
    And the holding period of other than Equity and Debt Fund & Overseas FoF should be 12 Months because they are considered under listed securities and holding period of all listed securities is 12 months

  • @philipsamuel6634
    @philipsamuel6634 Месяц назад +2

    Pl chk up if " earlier LTCG" was at " Slab Rate" as mentioned in row 3 😊

  • @avinashprasad6319
    @avinashprasad6319 Месяц назад

    Sir please create a video explaining how capital gains are taxed (In both regimes) for salaried employees assuming salary as 5L to 10L. Or if you already have a video for that then plz share the link

  • @rajkarmakar
    @rajkarmakar Месяц назад

    Please make a video on Tcs also, if I sold the MF before THE BUDGET date then what tax will be applicable?

  • @abhinavhazra6863
    @abhinavhazra6863 Месяц назад +1

    This budget will bring sanity into stock market, need further higher STCG

  • @abhishekchatterG
    @abhishekchatterG Месяц назад +1

    Much awaited video from you Rajat sir

    • @akashkapuur
      @akashkapuur Месяц назад

      जय श्री राम।

    • @ETMONEY
      @ETMONEY  Месяц назад

      Hope the video met your expectations. Please share this video with your near and dear ones too. We will soon publish another detailed video on how to profit from the budget, so stay tuned.

  • @iamgk91
    @iamgk91 Месяц назад +1

    Finally, waiting for this video from ET Money. Too much budget noise everywhere else

    • @ETMONEY
      @ETMONEY  Месяц назад +2

      Hope the video met your expectations. We will soon publish another detailed video on how to profit from the budget, so stay tuned.

    • @iamgk91
      @iamgk91 Месяц назад

      @@ETMONEY Eagerly waiting to watch.. kudos 👍🏼

  • @prasadvsp6454
    @prasadvsp6454 Месяц назад

    Many here are forgetting one thing about LTCG, which is that that the exemption limit for LTCG has been increased to 1.25 lakhs from 1 lakh

    • @gowthammodepalli7858
      @gowthammodepalli7858 Месяц назад

      That 25000 won't make much difference if the amount withdrawn is in lakhs of investment

  • @shubhucd
    @shubhucd Месяц назад

    great explanation as always

  • @AnirbanChakraborty94
    @AnirbanChakraborty94 Месяц назад

    Is 87A rebate applicable for income tax paid under the New Regime?

  • @JatinV1
    @JatinV1 Месяц назад

    Noise has been settled, finally some sensible video

    • @ETMONEY
      @ETMONEY  Месяц назад +1

      Thanks for your kind words. Please share this video with your connections as well.

  • @senthilkmrp
    @senthilkmrp Месяц назад

    is customs duty on gold reduced from 15 to 6 % or from 12 to 6% ???

  • @SanjayG2011
    @SanjayG2011 Месяц назад

    U should have compared the budget outlays of the current budget with the previous year to make it comparable.

    • @ETMONEY
      @ETMONEY  Месяц назад

      Thanks for your suggestion. Will share it with the team.

  • @gauravpatel5912
    @gauravpatel5912 Месяц назад +1

    Is newly applied standard deduction for old tax regime also?

    • @prajnyan
      @prajnyan Месяц назад

      No.

    • @ETMONEY
      @ETMONEY  Месяц назад +2

      No, it's only for the new regime.

  • @Vivek788
    @Vivek788 Месяц назад

    Last month my manager gave me depression when revealing negligible hikes and now government doubles it by eroding all my investment assets too. Equity, real estate and SGB. Debt was already a goner. Why would anyone even trust govt bonds either? If too many retail buyers catch on, govt can change rules to grab some cash and avoid paying.

  • @rajandp7653
    @rajandp7653 Месяц назад

    URGENT: Guys I have 10 lakhs lump sum thinking of 4 in large cap 3in mid and 2in small and 1 in flexi ..is it good time to lumpsum suggest strategy please soon

  • @suprobhosantra
    @suprobhosantra Месяц назад +1

    Regarding LTCG, what will be the tax rate for already invested equities (more than one year ago) if I withdraw tomorrow? 10% or 12.5%?

    • @AjitJoshi686
      @AjitJoshi686 Месяц назад +2

      As per budget you have to pay 12.5%

    • @muthukrishnandiet8459
      @muthukrishnandiet8459 Месяц назад

      What tax if bought before 31Jan2018?

    • @shivajibhosale7964
      @shivajibhosale7964 Месяц назад

      ​@@muthukrishnandiet8459 same at rate of 12.5 %

    • @ETMONEY
      @ETMONEY  Месяц назад

      The applicable tax rate will be 12.5% now.

    • @ETMONEY
      @ETMONEY  Месяц назад

      @@muthukrishnandiet8459 You can claim grandfathering of the gains if your buying price is before that.

  • @ashimsarkar6565
    @ashimsarkar6565 Месяц назад +1

    4/10 will be given for this budget 2024

    • @sanketnegi1
      @sanketnegi1 Месяц назад +1

      4 for Bihar and Andhra ? For pleasing NDA alliance?

  • @mukeshdhiman802
    @mukeshdhiman802 Месяц назад +3

    India is anti salaried people. Taxes are high, and facilities are low.
    I still wonder where this tax goes. The roads are full of potholes. I have to rely on private healthcare as there is no public healthcare here. I do not see any good government schools.
    I do not want my son to spend his life in India, where there are only taxes with zero facilities.

    • @preetideshpande4629
      @preetideshpande4629 6 дней назад

      It goes into the rectum of corrupt government employees, politicians, corrupt lower judiciary, our amazing and super-clean law enforcement agencies.

  • @nandu1451
    @nandu1451 Месяц назад

    Hey,I am an investor in mutual funds funds through ET Money.
    I seek clarity on how capital gains from multi asset fund be taxed.
    Kindly answer specific ally.

    • @ETMONEY
      @ETMONEY  Месяц назад

      We have talked about the change in the taxation of multi asset funds in this video. There is a comprehensive table too for ready reference.

  • @sbshrey
    @sbshrey Месяц назад +1

    Even if you are earning more than 10 lakh, you will be able to save 10000 apart standard deduction benefits

  • @akashkapuur
    @akashkapuur Месяц назад

    Very clear video.

    • @ETMONEY
      @ETMONEY  Месяц назад

      Thanks for your encouraging words. Please help spread the message by sharing this video with your friends and family.

    • @gurvindersingh6172
      @gurvindersingh6172 Месяц назад +1

      Please clear taxation on multi asset mutual funds (is that 12.5% after one year ???)

  • @chethanpandu
    @chethanpandu Месяц назад

    Much awaited content👍

    • @ETMONEY
      @ETMONEY  Месяц назад

      Hope the video met your expectations. We will soon publish another detailed video on how to profit from the budget, so stay tuned.

    • @chethanpandu
      @chethanpandu Месяц назад

      @@ETMONEY thank you sir

  • @prustysaurabh
    @prustysaurabh Месяц назад

    Big budget nos are eaten away by salaries and pension then on civil infra maintenance thereby leaving very less scope for big leap investments.

  • @sachin1632
    @sachin1632 Месяц назад

    Another mistake at 4:07. LTCG increased from 10 to 12.5%

  • @dharmeshbanerji2156
    @dharmeshbanerji2156 Месяц назад +2

    This FM is useless. Surprised that BJP thinktank is not concerned even after LS Poll setback that middle class is getting totally alienated by their policies. This FM needs to go.

    • @sanketnegi1
      @sanketnegi1 Месяц назад

      And I am surprised that you think only the FM does the budget .
      If that would have been the case Andhra and Bihar wouldn't get so much money..
      This was a political move (to please the NDA alliance as they can withdraw their support and bring the government down).
      And BTW no government gives a shit about the middle class so don't expect much..
      The middle class is a small minority.
      We do not have time to protest because of our jobs and family life.. poor are the majority hence vote bank.
      The rich can leave the country easily..

  • @sarwajeetbharti2856
    @sarwajeetbharti2856 Месяц назад +3

    This govt must go ..They dont care for middle class.They just want tax.Sitaraman Aunty ko ghar bhejna chahiye..

    • @AjitJoshi686
      @AjitJoshi686 Месяц назад +1

      The middle class vote is assumed by BJP

  • @GamerInVoid
    @GamerInVoid Месяц назад

    Absolutely pathetic Budget and tax terrorism by the govt. The most anti middle class govt I have ever seen. Tax like Sweden and service like Somalia

  • @mandarp9472
    @mandarp9472 Месяц назад

    Budget means more taxes every year till you become poor and dependent upon ration from government.

  • @aruntripathi7669
    @aruntripathi7669 Месяц назад

    This govt must go now pathetic for common middle class people good fr corporate and bpl

  • @mandarp9472
    @mandarp9472 Месяц назад

    Budget is extremely bad for Investors and Income Tax payers, middle class people.

  • @prithvinarayantetetamang5443
    @prithvinarayantetetamang5443 Месяц назад

    I came here after watching @warikoo