RJ - Rishabh Jain
@rishsamjain
Followers
49K
Following
401
Statuses
2K
I hate bullish*t & lies | Co-founder, LLA
Jaipur, India
Joined June 2009
Of the 7.5 crore returns filed last year (FY 23-24), approximately 6.5 crore had income less than ₹12 lakh. This means 87% of tax filers will have ZERO tax liability this year. Samay would say; "Ye to crazzyy kar diya bhai"
[BiG TAX UPDATE] No tax up to ₹12L income (₹12.75L for salaried employees). New slab, new tax regime: 0-₹4L - NIL ₹4-₹8L - 5% ₹8-₹12L - 10% ₹12-₹16L - 15% ₹16-₹20L - 20% ₹20-₹24L - 25% ₹24L+ - 30% Taxpayers earning up to ₹12L of normal income (except special income like capital gains, crypto, Gambling etc.) will get a full rebate, that is, up to ₹60,000 rebate under 87A, hence NIL tax.
122
349
3K
[BiG TAX UPDATE] No tax up to ₹12L income (₹12.75L for salaried employees). New slab, new tax regime: 0-₹4L - NIL ₹4-₹8L - 5% ₹8-₹12L - 10% ₹12-₹16L - 15% ₹16-₹20L - 20% ₹20-₹24L - 25% ₹24L+ - 30% Taxpayers earning up to ₹12L of normal income (except special income like capital gains, crypto, Gambling etc.) will get a full rebate, that is, up to ₹60,000 rebate under 87A, hence NIL tax.
33
96
1K
It was unexpectedly such a big relief in income tax. With this, the old tax regime is more or less finished. All consumer brands are going up. Market has responded positively.
5
5
234
PM-Swanidhi for street vendors; - UPI linked credit card with 30k limit
0
2
69