- 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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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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Going by national income standards yeah. Going by international standards obviously not.
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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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absolute middle class gang r*pe.
Bihar taking all the gibs
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