coffee_rules Posted February 1 Share Posted February 1 (edited) Best freebie for middle class till now since 1947. Mastersteoke @Lord @Lone Wolf Under the new regime, there is no tax on income up to Rs 12 lakh, and no tax on income up to Rs 12.75 lakh for salaried people, due to the standard deduction of Rs 75,000. https://www.ndtv.com/india-news/budget-2025-live-new-income-tax-slabs-how-much-do-you-save-7609982/amp/1 Nimmo tai maaf karna galti maare se ho gai.. Edited February 1 by coffee_rules Link to comment Share on other sites More sharing options...
Teengunalagaan Posted February 2 Share Posted February 2 15 hours ago, bharathh said: Applicable for anyone that earns 12+ lakhs. Exemption only applicable for those with incomes of 12 lakhs or less and on the new tax regime. I still use the old tax regime - so no change for me. Exactly, I was so happy when she said no tax till 12 lakhs, then she started saying tax slabs, I was like wtf.. Do pal ki Khushi Link to comment Share on other sites More sharing options...
bharathh Posted February 2 Share Posted February 2 16 hours ago, Lord said: so if I am earning 13 lakhs, tax will be 15% on basis of slabs, no? How do first two slabs apply if below 12 lakhs there is no tax for everyone Moral of the story - don't earn more than 12 lakhs. Looks like a lot of people are going to want cash once they approach the 12 lakhs salary bracket from here on. Awesome for all the professional cadre like CAs, Doctors, Lawyers etc. They can increase their white component salaries to 12 lakhs now instead of showing that they only earn 3 lakhs while driving Audis and Mercs. raki05 1 Link to comment Share on other sites More sharing options...
bharathh Posted February 2 Share Posted February 2 Tax calculator - https://www.indiatoday.in/business/tools-and-calculators/income-tax-calculator ravishingravi 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 1 hour ago, bharathh said: Moral of the story - don't earn more than 12 lakhs. Looks like a lot of people are going to want cash once they approach the 12 lakhs salary bracket from here on. Awesome for all the professional cadre like CAs, Doctors, Lawyers etc. They can increase their white component salaries to 12 lakhs now instead of showing that they only earn 3 lakhs while driving Audis and Mercs. Doctors, lawyers anc other professional don't fall under salaried class. Link to comment Share on other sites More sharing options...
bharathh Posted February 2 Share Posted February 2 1 hour ago, ravishingravi said: Doctors, lawyers anc other professional don't fall under salaried class. Agree. That's why I said 12lakhs and not 12.75 lakhs. Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 1 hour ago, bharathh said: Agree. That's why I said 12lakhs and not 12.75 lakhs. Doing cash transactions won't be easy. It's not pre 2016. Tax dept also has serious armoury. So my sense is that scrutiny will be much higher. This actually puts additional burden on tax dept to make tax collection. Link to comment Share on other sites More sharing options...
bharathh Posted February 2 Share Posted February 2 2 minutes ago, ravishingravi said: Doing cash transactions won't be easy. It's not pre 2016. Tax dept also has serious armoury. So my sense is that scrutiny will be much higher. This actually puts additional burden on tax dept to make tax collection. They should crack down on all the "businesses" that show loss every year and yet their owners live the high life. Tax base is there to be taken. I was hoping that with UPI there would be more fraud detection. I don't think they have done much there IMO. ravishingravi 1 Link to comment Share on other sites More sharing options...
Lord Posted February 2 Author Share Posted February 2 9 hours ago, coffee_rules said: Best freebie for middle class till now since 1947. Mastersteoke @Lord @Lone Wolf Under the new regime, there is no tax on income up to Rs 12 lakh, and no tax on income up to Rs 12.75 lakh for salaried people, due to the standard deduction of Rs 75,000. https://www.ndtv.com/india-news/budget-2025-live-new-income-tax-slabs-how-much-do-you-save-7609982/amp/1 Nimmo tai maaf karna galti maare se ho gai.. My salary crossed 13 L last year coffee_rules 1 Link to comment Share on other sites More sharing options...
G_B_ Posted February 2 Share Posted February 2 31 minutes ago, Lord said: My salary crossed 13 L last year Taxes are marginal... Lord 1 Link to comment Share on other sites More sharing options...
coffee_rules Posted February 2 Share Posted February 2 6 hours ago, Lord said: My salary crossed 13 L last year Ty to lakhpati hain. Next year you will have 115k more in your pocket ravishingravi and Lord 1 1 Link to comment Share on other sites More sharing options...
Lone Wolf Posted February 4 Share Posted February 4 (edited) Babus and jernails have completely wrecked India's defence ecosystem @Gollum No wonder IAF is crying that it's on ventilator. PAF almost matching IAF in 1/10th of its defence budget Then we get surprised how the heck feb 29 2019 happened .. f**k this sh*t man Edited February 4 by Lone Wolf Gollum 1 Link to comment Share on other sites More sharing options...
Lone Wolf Posted February 4 Share Posted February 4 Good god the latest update seems that 2 Squadrons of JF-17 Block 3 already inducted and 3rd squadron is delayed as those jets will be transferred to Azerbaijani airforce. Total JF-17 are almost 200 now. Our Jernails busy drinking rum sending Kids to phoren lands & babus enjoying babudom. Link to comment Share on other sites More sharing options...
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