- Long Term Capital Gains (LTCG) tax will be hiked from 10 to 12.5% while Short Term Capital Gains (STCG) tax on some assets will be increased from 15% to 20%,
Standard deduction increased to 75K (new tax regime)
0-3L: Nil, 3-7L: 5%, 7-10L: 10%, 10-12L: 15%, 12-15L: 20%, 30% above 15L. Savings of up to 17,500 in tax.
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Lmfao all the online bhajipao lover unkils were coping with how this budget they'll finally get relief cause le 240 is better than 303 like it wasn't dehati masses voting for khatakhat that reduced them to 240. I'm predicting right now, before 2029 they'll announce a central gibs scheme for holes that'll mog current state schemes(say 3k a month) and they will sweep with 350+. Bhajipaos khangressification will be complete, they only swept 2019 for eliminating corruption in the khangressi gibs schemes anyway. Lundia will be first country in world to roll out UBI and just like chinx point at us to tell their people democracy is a bad idea the whole world will point at us for UBI.
In hindsight Jio was a disaster. It was much better when dehati masses were less aspirational.
Bihar won't get shit Nitishs position isn't good enough in Bihar itself for him to get uppity. CBN however will. For next five years at least Andhra will be treated with more favouritism than even Gujarat.
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This already includes gibs via epfo, but atleast its giving to employement havingcels and not just anyone
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Dehati masses don't care about gibs like this, they want direct cash transfer lying in their hovels. Even for those who work, 83% are in informal sector.
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true, even cbn had to cave and offer this shit in AP. Absolute lunacy because they vote for anyone who promises gibs
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Either someone finally does away with democrazy or lundian republic will make Zimbabwes fiscal policy look like austerity in 15-20 years more max. We need our own painter san bad.
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RIP middle class. Some BhaJiPao strags are defending this by saying 'if you earn 15 lpa you are rich not middle class' lmao
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the only sane sub is https://old.reddit.com/r/indianStockMarket/
which is reflection of middle class investors getting butt fricked. rest all is wingcuckery all the way
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Going by national income standards yeah. Going by international standards obviously not.
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absolute middle class gang r*pe.
Bihar taking all the gibs
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IT WAS ZERO TILL 2018
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absolutely insane tbh, by rough calculations you just need 15% growth in your investments on average just to beat inflation and taxes. Basically you invest 100 now and after 10 years you will have 100 unless those equities/assets grow by more than 15%
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"just need" is pulling a lot of weight here lol
no wonder we're getting a lot of
immigrants
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Hmmm !bharatiya
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Biharis are our bulgarians
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Treat the taxman like Basil II treated the Bulgars.
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