Tax Slabs are Changed!🧐 | Check the New Tax rates! #budget2024 #tax

🤑New Tax Slab Rates:

0 - 3 Lakhs = Nil
3 lakhs - 7 lakhs = 5%
7 lakhs - 10 lakhs = 10%
10 lakhs - 12 lakhs = 15%
12 lakhs - 15 lakhs = 20%
15 lakhs & above = 30%

💰Top 10 Key Takeaways from Budget 2024:

1. Standard deduction in income tax raised to Rs 75,000 from Rs 50,000
2. New tax regime slabs changed; salaried employee to save up to Rs17,500
3. Comprehensive review of Income Tax Act, 1961
4. Long-term & short-term capital gains tax, STT hiked
5. Angel tax abolished
6. Customs duty for mobile phones, gold, cancer medicines, medical equipment slashed
7. Fiscal deficit cut to 4.9% from 5.1%; better fiscal discipline
8. Special finance schemes for Andhra Pradesh & Bihar
9. Multiple job schemes announced with incentives for employers
10. Special schemes for MSMEs focussed on easy access to credit

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#unionbudget #budget2024 #newtaxes #newtaxrates #taxslab #itr #itreturn #indianstockmarket #stockmarket