Union Budget 2024

[Ashok Varma]

No more rebate if ur income is 7.5 Lakh p.a including (SD) like previously now pay tax even if u cross 3.75 lakh p.a including (SD) plz clarify? If anyone have knowledge regarding this

Now no tax if your annual income is 8.25 lakhs in new regime

 

[Digital Mastermind]

This is the budget you get when you have a coalition govt and not a govt with absolute majority on their own.

 

[rohitvatsa]

Leave budget the mere sight of Nirmala Sitharaman raises my BP.She is crass,arrogant and totally cutoff from reality.Except ego there can be no other reason for Modi to persist with her even after knowing that she is widely hated and ridiculed.Moreover,her family is ready to enjoy benefits from both sides of political spectrum.Her Husband almost daily abuses govt. which she is part off.It is beyond my understanding as in wha Modi sees in her,she is neither a leader capable of winning even Mohalla elections nor she is qualified enough.

 

[Sparker0i]

https://www.reddit.com/r/IndianStreetBets/comments/1eazuql/modi_introduced_inheritance_tax_through_backdoor

 

[Shark]

True

T: EWS reservation has to be given to those earning less than Rs 8 lakh and tax has to be collected from those earning Rs 3-7 lakh. This is how it works Nirmala Didi, first decide whether this class is economically weak or not.

https://twitter.com/x/status/1815661281644257463

 

[piinku1]

Now no tax if your annual income is 8.25 lakhs in new regime

How?

 

[iDJ]

Biggest loser of this budget are voters of Odisha. You replaced a gem like Patnaik from your state. What special you got in this budget?

 

[rohitvatsa]

Biggest loser of this budget are voters of Odisha. You replaced a gem like Patnaik from your state. What special you got in this budget?

From what i see the govt. had to make announcements for special budget provisions for Bihar and Andhra due to political compulsions.Not mentioning Odisha doesn't mean that it would get nothing.They have a BJP govt. and are not due for elections for another 5 years which is enough time for govt. to perform and provide aid.Merely announcing budget provisions specific to a state would mean nothing if the state is unable to utilize it properly.

 

[Digital Mastermind]

Biggest loser of this budget are voters of Odisha. You replaced a gem like Patnaik from your state. What special you got in this budget?

Biggest losers are the people who failed to give a full majority govt.

People have seen pre 2014 era, but forgot it within 10 years.

 

[Ashok Varma]

How?

New IT regime has Rs 25000 (87A) tax rebate, so we can exempt till Rs 750000 with rebate and Rs.75000 is additional exemption in the name of Standard deduction for salaried people, If you have an employee, then you can't pay tax till 825000 income.
3-7 lakh slab@5%=Rs 20000 and 7-7.5 lakh slab@10%=Rs 5000 total Rs 25000 tax rebate for any individual can get in new tax system