Trusted News Discovery Since 2008
{{/content}}
Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect
Credit: Zee News- Published on July 24, 2024
Sitharaman announced that short-term capital gains on "specified" financial assets will henceforth attract a tax rate of 20 per cent instead of 15 per cent. While all other financial assets and non-financial assets shall continue to attract the "applicable tax rate".
Video credit: Oneindia
Published on July 23, 2024 - 03:14
Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha. The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹12 lakh. These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.
#BudgetWithOneindia #NirmalaSitharaman #IncomeTax #PersonalIncomeTaxSlabs #NewTaxSlab #IncomeTaxSlabsAnnounced #PMModi #PMModiHailsUnionBudget #PMModiHailsBudget2024 #UnionBudget2024 #NirmalaSitharaman #IndianEconomy #BudgetSpeech #PMModi #EconomicSurvey #FinanceMinister #ParliamentSession #HistoricBudget
~PR.152~ED.102~HT.334~
You are here
Related videos from verified sources
Binance exec insists bitcoin can recover despite 20% drop | Future Focus 07:07
Credit: Yahoo UK - Published 3 weeks ago
Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained 05:45
Credit: Oneindia - Published on July 24, 2024
Budget 2024: Rajan Bharti Mittal on Job Creation,Women Empowerment, Key Tax Concessions for Business 03:35
Credit: Oneindia - Published on July 23, 2024
Related news from verified sources
Budget 2024: Long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent instead of 10.0 per cent.
on July 23, 2024 • Zee News