Is ₹12L no-tax, a water bubble?
People are celebrating the new ₹12L no-tax news, but the Direct Tax Code bill might have some surprises.
Hope it's not a trap!
If the D.T.C actually complements the ₹12L no-tax and other slab changes, this budget will be historic. Otherwise, the memes and fun are back in full swing!
#Budget2025
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I don’t think there is anything like “historic”, yes it is good, but “historic”, “great”, nope. They brought this relieving change after past so many disastrous and frustrating tax changes- like new tax regime, code on wages act etc. So No, it is definitely nowhere close to “historic”.
I am hoping they start progressive Capital Gains tax. Hope they have tax brackets on CG.
Like 0-2L, no tax 2-3L: 10% 3L+: 20% 10L+: income tax slab
Will give a breather for middle class folks and even many upper urban higher classes, while effectively taxing executives and promoters.
Well it’s literally free money. Why are you worried?