Nirmala Sitharaman to present the Budget in 15 minutes! How are you feeling?
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22%
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Key highlights of Union Budget 2024 👇🏻
1. Standard deduction for salaried employees under the New Tax Regime hiked to ₹75,000 from ₹50,000 and for family pensioners increased to ₹25,000 from ₹15,000
2. LTCG tax rate increased to 12.5% from 10%. Exemption limit for LTCG increased to ₹1.25 lakh from ₹1 lakh
3. Angel tax abolished for all classes of investors
4. Corporate tax rate on foreign companies to be reduced to 35%
5. Basic customs duty on mobile phone, mobile PCBA and mobile charger to be reduced to 15%
6. TDS rate on e-commerce operator reduced from 1% to 0.1%
7. FM retains capex outlay of ₹11.11 lakh crore for infrastructure sector which is 3.4% of the GDP
8. STT on futures increased to 0.02% and on options increased to 0.1%
9. STCG for certain financial assets increased 20% from 15%
10. Custom duty on gold and silver reduced to 6% and 6.4%, respectively
11. Income received on share buybacks will now be taxed in the hands of recipients
To read more, click here - https://upstox.com/news/business-news/economy/budget-2024-25-highlights-capex-target-retained-at-11-11-lakh-crore-fiscal-deficit-at-4-9/article-103981/
1. Standard deduction for salaried employees under the New Tax Regime hiked to ₹75,000 from ₹50,000 and for family pensioners increased to ₹25,000 from ₹15,000
2. LTCG tax rate increased to 12.5% from 10%. Exemption limit for LTCG increased to ₹1.25 lakh from ₹1 lakh
3. Angel tax abolished for all classes of investors
4. Corporate tax rate on foreign companies to be reduced to 35%
5. Basic customs duty on mobile phone, mobile PCBA and mobile charger to be reduced to 15%
6. TDS rate on e-commerce operator reduced from 1% to 0.1%
7. FM retains capex outlay of ₹11.11 lakh crore for infrastructure sector which is 3.4% of the GDP
8. STT on futures increased to 0.02% and on options increased to 0.1%
9. STCG for certain financial assets increased 20% from 15%
10. Custom duty on gold and silver reduced to 6% and 6.4%, respectively
11. Income received on share buybacks will now be taxed in the hands of recipients
To read more, click here - https://upstox.com/news/business-news/economy/budget-2024-25-highlights-capex-target-retained-at-11-11-lakh-crore-fiscal-deficit-at-4-9/article-103981/
Upstox
Budget 2024-25 Highlights: Capex target retained at ₹11.11 lakh crore; standard deduction upped to ₹75K
The FM announced that ₹26,000 crore will be allocated for highways in Bihar and ₹15,000 crore will be arranged in the current fiscal year to develop Andhra Pradesh.
How does Budget 2024 impact your mutual fund investment?🤔
Watch here:
https://youtube.com/shorts/6TbWhTV-jSQ
Watch here:
https://youtube.com/shorts/6TbWhTV-jSQ
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We're going live with our first of the many Twitter Spaces sessions!
Join us tomorrow at 6 PM for a candid conversation on - How to take Smart Trading Decisions
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Which Bollywood sibling duo are investors in OLA Electric?
Anonymous Poll
33%
Janhvi & Khushi Kapoor
16%
Sara & Ibrahim Ali Khan
33%
Zoya & Farhan Akhtar
18%
Suhana & Aryan Khan
The right answer is - Zoya & Farhan Akhtar!
Now, do you know - How Ola Electric fares against its peers in the industry?
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Now, do you know - How Ola Electric fares against its peers in the industry?
Take a look here - https://upstox.com/news/market-news/ipo/how-does-ola-electric-fares-against-its-peers-in-the-industry/article-105686/
Are you looking forward to the OLA Electric IPO launching on 2nd August?
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