Key Element Of Budget 2020: Reduced Income Tax Across Slabs | Decoding Budget 2020

[@pothikan]

Why can't the slab be raised by 1 or 2 lakhs without touching exemption ?

[@dconwheels5309]

Good for people who don't have any savings.. Best policy

[@anshulbansal5438]

LhghtomHD trivial GM block infr

[@krishnakanthdagada5649]

Worst budget simply making genune tax payers fools.

[@MysticalMindMusic]

Sold all my holdings... I know budget is not Bollywood blockbuster.... But market with leadership like this must be shunned.

[@biswarupbkarmakar3227]

What about increase in import duties for several consumption goods, including in medical devices? Promoting inefficiency at the cost of the consumer and going back to protected economy?

[@Backrocks92]

Every news channel in a hurry getting it wrong: 2.5 to 5L is still 5%. Please pay attention to detail :)

[@rashwinshetty6654]

There also exist Rebate u/s 87A, which if taken into account, tax payable would be NIL

[@makhan5062]

@@rashwinshetty6654 Rebate is given when your income is upto 5 lac. If you cross that no rebate you will get. In my point limit for exemption should be made upto 5 lac.

[@Manhatt]

@@makhan5062 First 0-2.5lakhs = nil rate 2.5 lakhs -5lakshs=5℅ (For which you will get 5℅ rebate(full rebate) if your total income

[@makhan5062]

@@Manhatt That what i said bro. I said when you only have 5 lakh income then you will get rebate. And i have given my opinion that government should increase basic exemption upto 5 lakh instead of giving rebate. By the way thanks.

[@ravigupta5962]

The most confusing and deceiving budget. When one examines the tax rates, a person with 15 lacs income will actually end up paying Rs 12500 more without availing the existing exemptions which the taxpayer will have to forego for moving to the new regime

[@harir6316]

You don't need to go if you can save more with the old one.

[@subhakantaprusty969]

Now it's very complicated, a comman man like me confused, wether it's good or bad. It will waste much of my to calculate. Which one is better

[@pannvalan3350]

This Budget will benefit only those who earn less than Rs.7.50 Lakhs per year. Besides, what will happen to the commitments already made under payment of LIC premium, Housing Loan repayment, Interest on Bank/Post Office Deposits, Contributions to NPS & SIP, repayment of Education Loans, payment of EPF & PPF, Health Insurance Premium etc.? After utilising most of these (not necessarily to the fullest extent), if I switch over to the new tax regime next year, I will be required to pay higher taxes to the tune of Rs.60,000. Is this fair? FM has made only jugglery.

[@maxmax2527]

Industrialists are very careful and diplomatic in their comments..ha ha..where as..the economists and experts are very critical

[@Sdfghjiy]

I will not vote for BJP anymore

[@KAVYA-bs6dv]

Yes I feel cheated.

[@sarfrajnawaz5636]

This budget doesn't allow to savings also. Great strategic on poor employees

[@chanduaddanki3677]

LIC is 40 crores Indian Citizens property shall we allow to privatize.

[@prateekverma73]

Old tax like 1+1=2 New tax like 4/2=2 What a reform now tax rate is divided. Kaat diyo bc fir se But bhakt say wahh modi ji wah

[@md.samirulislam7882]

India needs Dr.Manmohan Sing

[@dwaipayanchakraborty2549]

If there are no exemptions then I will probably pay more tax than last year. I am pissed.

[@antarikshasharma4485]

Thank you BJP regime led by Mr Modi for taking Indian economy to such a dismal and pathetic state😒

[@maheshmahapatra1]

Worst budget for tax payers. A salaried person earning 7 lk will pay 20 extra in new tax slab. With old slab he will pay 0 tax. 1.50 80 c and 50 std deduction. Rest 12500 rebate. Woolo bana di govt ne.

[@rashwinshetty6654]

Abey Anpad Gandu, 'optional' ka meaning nhi malum kya.?

[@maheshmahapatra1]

@@rashwinshetty6654 your language talks that you are very literate. I know the slang but I will not tell u same. Also coming to discussion I know well that ,but who will take the new tax slab option.

[@Lazy-AI]

@@maheshmahapatra1 I'll take it, because my salary is above 10 lacks and I don't have 80 c, why is it so hard to understand, not everyone buys a dumb LIC.

[@rashwinshetty6654]

@@Lazy-AI these are people who think LIC is an investment used for 80C Deduction

[@maheshmahapatra1]

@@Lazy-AI Oh great!. Leave LIC, medical insurance, HRA, standard deduction, EPF, children tution allow ance, LTA. You will change economy by contributing more tax. Sounds good.

[@mallianumula]

I read budget details in Telugu news paper. I think not very bad budget, they proposed few good new schemes and changes. Yes , 5 slab is not sure why they bring, may be to bring more tax payers into the system and they kept open door for feature to close at election time 😀

[@santoshsinghbhadoriya3268]

Salaried persons ko bewkoof banaya ja raha hai.

[@nareshsindhwal314]

What about tax rules for NRI/Seafarers

[@iAmSavy89]

Seafarers // Aircraft Crew are not affected yet by this budget , there is no official gazette announcement neither any notice from DG shipping // DGCA

[@nareshsindhwal314]

@@iAmSavy89 there are too much confusion about this. Since its given as " if ur not paying tax in any other country then you should pay in INDIA" and also there are discussion about 182 days and 240 days about NRI days. Didnt find any video where FM has pointed out these points.

[@asaduddinmohammed952]

Talk about sale of LIC to private

[@vijaynair6161]

This is difference between China and India. Indians complain too much. Just work within the system. Many countries have hugely more complicated tax system.

[@moyyamani2859]

Worst budget it is pro corporate and anti common man

[@aliyanderrajurs9953]

The people want to have more money in their pocket so that to spend more, but the same people were stealing electricity/telephone bill etc . This reporter was not even born at that time. WHO encouraged, ? Indira Gandhi and unfortunately she paid for that. People then want free every thing, but from where the FM will get. Through taxation. When business avoid taxes to be paid and indulge in buying/selling only cash that too by benami means, it is difficult to the Govt to get legitimate revenue to tax people/businesses. THINK ?

[@nowww901]

Pathetic ..no body will invest

[@gov544]

This has to be the worst budget given ever in history of independent India.... Godi media is trying to sell it... Shameless fellow

[@bagherwal4]

Why so complicated They says We are giving but first deposit ur earlier benefits

[@Nk-iw2kd]

Both congress pittu together... 😂

[@shankarrapaka6432]

Bad budget.

[@ashokkumarg6277]

Worst budget , only a little bit benefit tax payers.

[@anilshetty315]

This Nirmal sitaraman no clue on wt she is doing.. Most inefficient finance minister from finance background ever India has seen ever.

[@santoshsinghbhadoriya3268]

Worst budget for salaried person.

[@ramramesh6497]

Bull shit budget.

[@honey9582]

Worst budget

[@MurlidharfromNJ]

one who has annual income of rs 18 lakh will have to pay Rs. 265000 as tax in new regime whereas in old regime after all exemptions he has to pay rs. 2 lakh. LOOT MACHA RAKHI HAI. MODI KO VOTE DENE KA YAHI NATIJA HAI

[@nareshsindhwal314]

You can pay tax in old regime or in new regime. Its given option.

[@ongoinger_108]

How are you calculating the values, kindly highlight. I want to know if it's good or not ?

[@Kaatupoonai8]

@@nareshsindhwal314 then what's the point of revising tax in budget. It is meant to create some demand right?

[@MurlidharfromNJ]

OPTION IS THERE, BUT NO BENEFIT . SAME TAX AMOUNT AS LAST YEAR. EVERY YEAR WE EXPECT RAISING LIMIT OF NON TAXABLE INCOME, OR CHANGE IN SLAB KEEPING EXEMPTIONS INTACT

[@rashwinshetty6654]

@@nareshsindhwal314 also salaried persons can change their options year by year, provided they don't have any income from business/profession, No gain for us to explain these people.

[@raghavagrawal1553]

ye to c hai

[@victorvictory6126]

This time if u people do any dispoited and any Rob .than u people u gone the position .cat watching u all, we don't give u any Excuse.i hope u watch this if u lucky for your head.😤

[@mdfirojsk5840]

I. MA is. Ma,, kol

[@cutekids6094]

Ullu banaya sabhi ko..

[@biswarupbkarmakar3227]

Yet another masterstroke!

[@PRATHM-q1w]

Jumla tax reform