Modi Government May Give Tax Relief In New Tax Regime: Sources | Latest Updates | Top News
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- čas přidán 19. 06. 2024
- Modi 3.0 Latest Update: The Modi government is likely to give tax relief in the new tax regime. The Finance Minister may announce changes in the tax slabs in the new tax regime. Watch to know more.
#tax #modigovernment #modi3.0 #financeminister #latetsnews #timesnow
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Remove taxes from salaries. Middle class is taxed double. On their salaries and then they pay taxes on items they buy.
Thats there worldwide, u are able to earn because govt provides defence, space research, roads, imports, RBI, banks and so on. Products too have a small tax component. Its across the globe Russia, China, USA, Europe or Africa, dont be immature.
Farmers should be taxed. Urea subsidy should be replaced with direct cash transfer to disincentivize urea smuggling to Nepal.
Lol. Andhabhakt spotted. Why govt doesnt collect taxes from Ambani and Adani and big businessman@@ganeshm6295
@@rajx7120 Again, no idea of reality, farmers except a few rich landholders are extraordinarily poor, chemical fertilizer and pesticides have made them dependent on subsidy, till organic gains traction, it will need subsidy, u are able to eat well and enjoy hotels and parties while farmers work for a pittance. Research about farmer income u will know..Dont give simplistic solns
Boss everyone pays tax on purchases . Yes income tax relief govt must think of
Till today they have not given any concession to Middle class
Tax the rich farmers. All farm income above 20 lakh should be taxed. Urea subsidy should be replaced by direct cash transfer, because subsidized urea is smuggled to Nepal.
If he had thought this earlier he would have won in election with majority, now he has learnt lessons, to consider middle-class not only with high corporate people
People fleeing country to avoid unreasonable taxing...hope govt open their eyes soon enough!
You too go away. There are higher taxes in larger developed countries.
@@pavanshetty9806but they provide facilities as well. Not like Indian corrupt polititians who deposit the Tax money into their swiss account
@@manikandaniyer8570 India is a greater welfare state than those developed countries and India is a devloping nation which requires lots of funds. We have seen great development and impr9vements in last decade. The relatively lower tax than developed nations that provide extra facilities is justifiable.
@@pavanshetty9806 lots of funds only from middle class. Big businessman dont pay taxes bcos they trade in shares.
@@pavanshetty9806 Manmohan singh had a 10 year growth rate of 187% Modi has a gdp growth rate of 83% in the past 10 years. What development are you talking about
Why should mainstream employees need to be punished with both direct and indirect taxes for almost nothing in return? People are quitting jobs as after certain salary threshold hike doesn't make sense.
12% tax on life saving Medicine.😢😢😢😢
No it's 5% and its nil/zero if administered in a hospital. Higher GST rates are only on preparations not manufactured according to pharmacopea.
@@sunraviprakash I bought medicine for 3895 and tax was 233.75(CGST) and 233.75(SGST).
@@jaishriram6610 then it is not under the list of life saving medicine or it is a fixed dose combination. Industry people like us prefer to launch new FDCs because these don't come under price control. You can also find exact same drug / different brands at 40-50% cheaper cost in Janoushadhi Kendra. The VAT before GST was also 4% to 67%, so because of GST no drug prices increased, in fact more drugs were brought under 5% from the 12% bracket. We prefer to push drugs which are more expensive because of business reasons, not that you can't find the same benefits from other drugs that cost over 50% less. Nasal saline for a small bottle will cost you 50+ Rs while 500mL of IV saline costs 30 Rs. Still India has the cheapest medicines anywhere in the world, except Bangladesh (they are exempt from compliance with patent laws)
Tax relief on interest income must be increased from 50k to at least 1lakh and it should also be extended to new regime. Senior citizens must be given more tax relief.
After all permutations and combinations, what the taxpayer gets as tax relief will almost be nil
Remove income tax
Go to Pakistan
Tax rich farmers.
It’s not a Modi Govt anymore - it’s the NDA coalition with some non NDA like parties who are influencing a more inclusive thinking .
remove income tax
Tax on salaries working must go.
Restoring 10(38) is a must...
Cut off excess interest rate on mudra loans, home loans
Don't buy home
@@rajanathanc5468 u can't live in a rented home forever and keep on changing it.
@@hitmans3768 then buy don't cry
Interest rate is set by RBI. Not govt . Govt already giving interest rebate under Section 24 and concession under PM AWAS yojana.
@@rajx7120 well govt controls RBI too
Good idea
They will give benefit of InR 5000 and take away 10000 by taxing sonething else like EPF or some capital gains tax hike
There are lower middle class people also. People are offering one lakh for vote.
No need of freebies, BUT,
11.Restore sr citizen railway concession which was abolished during corona.
2.Reduce cooking gas rate, not subsidy.
3.Increase pf pension. 4:24
income = inwards of money, which could be ltcg,stcg,trading, salary etc
if ltcg and stcg have different tax rates, why should not salary have its own structure and not be generalized as income only to dig out more tax and dry the middle class?
Rational answers and logic both against and for are welcomed.👇
Finally the election results are forcing BJP to think about the Middle Class from general category and miseries they. have caused to them
GST is really Gabbar Singh Tax. States and the union government always thinks to raise GST in the name of rationalisation. It's like governments sharing the booty. Taxes in India is on par with developed nations without incomes on lines of the developed nation . It's burdensome. Business people always rob people. When inflation goes every year tax rates also should go up. It's a tragedy. All governments are same.
Other than giving more burden to middle class nothing has done by this FM for the last 10 years. Corporate may get more benefit and expect replacement of electoral bond in some other form
Hold your pants and jump "HIGH HOPES" "HIGH HOPES"
Expecting Tax relief:
simple Tax provision
Total gross income - exempted income (Fixed tax)
~ 5.0 lk: 0%
5.0-10.0 lk: 2%
10.0-20.0 lk: 4%
20.0-30.0 lk: 6%
30.0-50.0 lk: 8%
50.0-75.0 lk: 10%
75.0-1.0 cr: 12%
1.0-4.0 cr: 14%
4.0-8.0 cr: 16%
8.0-15.0 cr: 18%
15.0 cr & above: 20%
LTCG+STCG
*exemption limit to increase upto ~3.0lk
*Tax on capital gains
~5.0 lk: 2%
5.0-10.0 lk: 3%
10.0-20.0 lk: 4%
20.0-35.0 lk: 5%
35.0-50.0 lk: 6%
50.0-1.0 cr: 8%
1.0-5.0 cr: 10%
5.0 & above: 12%
Agriculture tax:
(For farmers)
~5.0 acre: 1%
5.0-10.0 acre: 2%
10.0-20.0 acre: 3%
20.0 & above: 4%
(For politicians)
~10.0 acres: 5%
10.0-25.0 acres: 8%
25.0 & above: 10%
Tax relief is give based on inflation. Inflation is high so tax relief is paid. No big deal .
SWACH BHARAT Mission owners : Pay GHMC their Salaries instead of giving FREE money to women without any work. GHMC Municipality is collecting money from houses to clean streets and Collect trash.
They have no money to pay Municipal employees but have budget to distribute Free Money to women. Govt.. should have some shame
FM❌️🔄MF✅️
It is nonsense that farmers having 20 to 30 acres also getting Modi incentive and loan are waived by some political beggers as their grandfather money and pushing the state in bankrupt
What is shocking the urban and nearby areas one acre they are selling at 4 cr and they get Modi payment and loan waivers
Nirmala Sitaraman is the worst FM. Living expenses have sky rocketed. The middle class and upper middle class is getting sandwiched from all corners
Hope Modi govt gives good news to the middle class income tax payers who were always with bjp
Every year before the budget the same view is expressed. Finally empty hands. Modi government reduced corporate tax. But not individual income tax rates. He proved to be business man, not for poor employee class. . BJP will loose again if they continue the same.
Sarkaar khayega kya
😂😂😂😂😂😂😂😂