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‘Govt Doesn’t Want More Money, Taxes Increased Because…’: FM Sitharaman Responds To Tax Hike Uproar | Personal Finance News

Budget 2024: Finance Minister Nirmala Sitharaman in a post-Budget discussion explained that the government has decided to increase taxes not because it wants more money but to ensure uniformity and treat every asset class similarly.  FM Sitharaman was responding to a hike in the Short Term Capital Gains and Long Term Capital Gain taxes, which […]
ABHISEK RAJPUT
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Budget 2024: Decoding The Calculation Of LTCG Under Old And New Capital Gain Tax Regime For House Purchased Before And After 2001 | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman’s Budget 2024 announcement has once again put the spotlight on property owners. The removal of Indexation benefits has thus stirred the debate about whether investment returns in Real estate will still be as lucrative or not. Coupled with that, will lowering of Long Term Capital Gains (LTCG) from 20 percent to 12.5 percent […]
ABHISEK RAJPUT
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Union Budget 2024: Here’s How New Capital Gain Proposal Helps Investors Save Tax | Personal Finance News

New Delhi: The proposal to remove indexation benefit in the long-term capital gain calculation in the Union Budget 2024-25 will ultimately be beneficial to investors, the Centre has said As Finance Minister Nirmala Sitharaman’s proposal sparks debate, Revenue Secretary Sanjay Malhotra during a media interaction explained how it is beneficial to investors. Malhotra said, “If […]
ABHISEK RAJPUT
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Budget 2024: Rebate Under Section 87A Decreases By Rs 5K As Tax Structure Under New Tax Regime Revised — Understanding The Math | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman, presenting the Budget 2024 in Parliament made two significant announcements for the employed people to make for those opting for the New Tax Regime. First, the standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. Similarly, deduction on family pension for pensioners […]
ABHISEK RAJPUT
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Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman’s Budget speech has announced to raise on long-term and short-term capital gains tax. All these proposals will come into force immediately. Sitharaman announced that Short term gains on certain financial assets shall henceforth attract a tax rate of 20 per cent, while that on all other financial assets and […]
ABHISEK RAJPUT
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Budget 2024 For Common Man: From New Tax Rate Structure, Standard Deduction To NPS| 10 Points | Personal Finance News

New Delhi: In line with expectations, Finance Minister Nirmala Sitharaman offered a slew of measures and sops for the common people, who had pinned high hopes from the FM. Here are 10 Key Highlights of Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday. 1. Standard Deduction  Standard Deduction in […]
ABHISEK RAJPUT
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Budget 2024: Social Media Flooded With Hilarious Meme After Bihar And Andhra Pradesh Get Major Funding | Technology News

Budget 2024: Finance Minister Nirmala Sitharaman presented her seventh consecutive Budget on Tuesday. She announced significant projects and allocated funds to Andhra Pradesh, states whose ruling parties are allies with the BJP at the Centre. The budget’s substantial allocations have sparked a wave of memes on social media, illustrating the public’s spirited response to these […]
ABHISEK RAJPUT
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Budget 2024: Govt To Launch NPS Vatshalya For Minors To Provide Pension Contribution By Parents, Guardians | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said that the government will launch ‘NPS Vatshalya’ for providing pension contribution by parents and guardians. Announcing Budget 2024 in Parliament, FM said, “NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. On attaining the age of majority, the plan can be […]
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