4 Income Tax changes in Budget 2024
Автор: Money Vs ME
Загружено: 2024-07-23
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4 Income Tax change in Budget 2024
1. Standard Deduction hiked to 75,000 from 50,000 under New Tax Regime.
2. Two slab changes in the New Tax Regime up to 10 lakh income. Maximum savings for 10 lakh income earner up to ₹17,500 in a year (including point 1)
3. No Long Term Capital Gain (LTCG) Tax for up to 1.25 lakh profit and 12.5% over 1.25 lakh profit.
LTCG is applicable for shares and mutual funds held for over 1 year
4. Short Term Capital Gain (STCG) Tax of 20% is applicable for shares and equity mutual funds up from 15% earlier.
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