What are you going to do with the tax savings?
Almost an iPhone or two Goa trips or one Vietnam trip worth of tax savings for most salaried people out of this budget (as per what I’m reading)
What are you going to do with this extra cash?
Talking product sense with Ridhi
9 min AI interview5 questions
Many people are expressing relief after hearing the latest budget, but I believe that’s largely because they don’t fully understand its implications. In reality, it feels like just another superficial incentive—a lollipop to create temporary optimism. For individuals earning over ₹12 lakh annually, the only notable change is the introduction of an additional 25% tax bracket. However, this so-called benefit is limited to those who have opted for the new tax regime and have forfeited key deductions commonly claimed by salaried individuals. These include deductions under Section 80C (up to ₹1.5 lakh), house rent allowance (HRA), home loan interest benefits, and other similar exemptions. It’s important to note that when the government introduced home loan tax benefits, it was with the understanding that these are long-term financial commitments. Removing or restricting such deductions under the new tax regime undermines that very principle. Ultimately, this budget appears more focused on generating headlines and uplifting public sentiment rather than offering meaningful tax relief. The majority of taxpayers continue to rely on deductions available under the old tax regime, where no significant changes have been made. Moreover, the beneficial aspects of the old regime have not been integrated into the new one. As a result, the budget feels more like a cosmetic adjustment than a genuine effort to ease the financial burden on individuals.
@Micheal_Scott i dont understand. I earn 25LPA. Was under 30% slab before still under 30% slab the how would i get this extra cash? Don’t know what i am unable to understand
Lol, need to give my maid a hike so it will probably go there.
Dude dafaqq, how much does he get paid
The Hidden Trap – You Must Choose the “New Tax Regime”!The budget announcement sounds good, but there’s a catch ⚠️. To claim this benefit, you must shift to the New Tax Regime. What’s the problem with that?👉 You cannot claim any deductions, exemptions, or benefits 🚫👉 No HRA (House Rent Allowance), 80C, 80D, home loan interest, or any savings deductions👉 You might actually pay more tax in the long run 😓
Interesting take
I’m lazy and I used to never do deductions any way. So for people like me this seems to be great haha
Old tax regime, so no additional savings 🤷♂️
No tax savings for those filing IT returns under the old regime, so no saving for me.
Ain't giving any shit as I am paying education and health cess in the north of 70k lol
Also known as good problems to have :₹