- 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 fromย 15%ย toย 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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IT WAS ZERO TILL 2018![:marseycry: :marseycry:](https://i.rdrama.net/e/marseycry.webp)
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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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