Nirmala Sitharaman Revives Personal Income Tax Slabs Under New Regime; Tax Rates Same | Budget 2024

FM Nirmala Sitharaman Revives Personal Income Tax Slabs Under New Regime; Tax Rates Same | Budget 2024

Presenting the Budget 2024-25, Finance Minister Nirmala Sitharaman announced that the standard deduction for salaried employees will be increased from Rs 50,000 to Rs 75,000 in the new tax regime. Salaried employees will save Rs 17,500 in income tax. The exemption for capital gains has been increased to Rs 1.25 lakh per year for certain assets. Sitharaman also stated that an assessment can be reopened after three years only if the escaped income is Rs 50 crore or more. Additionally, she announced a comprehensive review of the Income-tax Act, of 1961. Short-term gains on certain financial assets will be 20%, the rest is the applicable tax rate. Long-term capital gains will be 12.5%. Listed financial assets held for more than a year will be classified as long-term.

---

India | Budget 2024 | Union Budget 2024 | Narendra Modi | Nirmala Sitharaman | Budget Speech | Economic Survey | Inflation | GDP | Income Tax | Employment | Tax Slab | Lok Sabha | NDA Govt | Stock Market | Budget Session | Monsoon Session | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#indiabudget2024 #unionbudget2024 #nirmalasitharaman #pmmodi #incometax #budget2024 #indiabudget #unionbudget #budgetspeech #stockmarket #budgetsession2024 #monsoonsession #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

Follow Firstpost on WhatsApp:

[SANDEEP-zvhi]

Disappointed as an employee with a monthly salary 😢

[MS-wfoh]

Why vote for BJP when they are always increasing tax... Next we will not vote for bjp

[godisgreat]

Boring budget. Common man suffering never ends

[debasishganguly]

Neither able to attract tax taxpayers to new regime nor being able to allure !
Most disappointing !

[student]

Lets focus on mandir masjid, we dont need to worry about common man
Jai hind

[sujansanjamalakadiri]

They will go on increasing taxes every year in increments

[kedarnathreddy]

Yenduku appropriate chesthunnaru… ra!!!! Worst govt!!!!

[coronicgamer]

Acoustic? I am not cooked! I am not cooked. I know he edged those betas! I knew he was an imposter. With negative canthal tilt. As if I could ever take such an L. No Diddy. No Diddy! I just - I just couldn't lock in. He - he put the fries in the bag, he got that newgen in the backrooms to glaze him.

Freakbob, please, you don't have to get an Angel shot

You think this is 𝓯𝓻𝓮𝓪𝓴𝔂? You think this is written by Vivziepop? This? This skibidi? He's coped harder. That Teknight party! Are you yapping me that a gooner just happens to rizz like that? Gyatt! He did tricks on it! Baby Gronk! He munted with a rose toy! And I jelqued him! And I shouldn't have. I griddyed him into my own rizz academy! What was I clipping? He'll never match my freak. He'll never looksmax! Ever since he was 9, always the same! Couldn't keep Drakes glizzy out of his dms! But not our Baby Gronk! Couldn't be precious Gronk! Oiling them up! And he gets to be the Rick Friend!? What a nonchalant baka! I should've called Bella Hadid when I had the galvanised square steel! And you - you have to mog him! You - I'm sigma… I came from the Other POV. I went Demon mode… Can I get a million beers?

No. Just a Grimace shake.

[wonderworld]

She does not deserve to be finance minister...

[macdonald]

Even after 15 august 1947, we are all still slaves.

[sayantankar]

The worst income tax for the country. This finance minister is not at all good as she didn’t think about middle
Class people

[BhowaniporeKol]

Being a Sr. Citizen, we have NO income why Income tax ?.

[padmaoruganti]

WOW FM, once again begging bowl in middle class hands!!

[kanathilashamabhat]

All Salaried employee will save 17500/-? How? Nonsense..

[susovanpal]

GOVT looting the middle class 😢😢😢😢 5 % tax - for 3 -7 lakh
10% tax - for 7 to 12 lakh.

Apart from that 12% gst in all products. This is worst decession by govt.

[sridhark]

Wt benefits for e p s pensioners..they wl get minimum pension..