Budget 2024: Will Finance Minister Nirmala Sitharaman Make Income Tax Changes For Middle Class?

#incometax #budget2024 #tax
With Union Budget 2024 expected to be presented in July, will Finance Minister Nirmala Sitharaman reduce the income tax burden on the Middle Class?
Will New Tax Regime be the only tax regime or will the Old Tax Regime also stay?
What are the expected changes to exemptions and deductions?
..............................................................................................
News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms.
It's the English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences.
► News9 Plus App : onelink.to/8pwfkc
► News9 OTT Coupons : bit.ly/4dwLDx4
► Watch us on KZbin : / news9live
► Like us on Facebook : / news9live
► Follow us on Instagram : / news9live
► Follow us on Twitter : / news9tweets

[@selvarajkannan9923]

You melt my heart instantly through your income Tax immense changes for the middle class people that was great challenging job 👏.Honourable Shree Nirmala Sitaraman ji.High standing Finance Minister of sacred India.Precisely my heartiest Pranam and you made a giant steps towards in current budget.Peremptorily all the joy desirable your heart can hold and may the God fill your heart with gladness of cheer you 🙏🇮🇳

[@chandrashekarks4216]

Seetharaman is not a politician. She doesn't understand politics Middle class who are backbone of bjp should be given some relief.

[@deepalisinha9813]

We upper middle class strived our lives to get educated and now penalised for hvg a better salary which we slogged for giving good life for our kids ,but income tax is eating our pound of flesh ..

[@Mahesh55555.]

In our country even in participating in freedom fighting and loosed their lives because of our other Bharat people, built in temple's from ancient time and also maintained before priest culture has came to temple, maintaining our Bharat culture, contributing in all the field of work including military force, not considering of their caste in other relationships, highest tax payers from their hard working money even from abroad and also real devotees of Baghawan by balancing worldly life as well as spiritual lives only for middle class families. Congress and their alliance people are always supporting one side in only rich people and other their alliance parties are only supporting other side of people because of their voting. Middle class people are expecting good things in their lives form PM Mr. Modi ji government including senior citizen health claim insurance because in TN people are suffering to claim health insurance claim and rejection is happening due to fund crisis. This time election results shows nota votes are high because of fed-up of only middle class family people, reason behind that, they are unable to maintain their savings means they are spending expenses is more than their economic level including basic needs.. Consider them.

[@gvvskm2024]

Simple saral regime One ITR - One Nation No multiple sections exemption income limit: 10lk 10-15lk: 2% 15-20lk: 4% 20-25lk: 6% 25-30lk: 8% 30-40lk: 10% 40-50lk: 12% 50-75lk: 14% 75lk-1cr: 16% 1cr & above: 20% Market Capital gains (LTCG+STCG): exemption gains: 3lk 3-5lk: 2% 5-10lk: 4% 10-20lk: 6% 20-35lk: 8% 35-50lk: 10% 50-75lk: 12% 75lk-1cr: 14% 1cr & above: 20% Land & Gold capital gains (LTCG+STCG): ~20lk: 1% ~40lk: 2% ~60lk: 3% ~80lk: 4% ~1cr: 5% 1-5cr: 8% 5-10cr: 10% 10cr & above: 20% Agriculture income tax: Farmers/general people: ~5acres: 1% ~10acres: 2% ~15acres: 3% ~20acres: 4% ~25acres & above: 5% for politicians & govt. officials: 10% tax on agriculture income.