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Gaurav Attrii
I help PMs land 50 lakh+ in Product Roles 🚀
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July 23, 2024
-Nirmala Sitharaman's budget Rule: Increase Tax on Middle Class - ₹26,000 Cr To Be Allocated For Highways In Bihar - ₹15,000 Cr To Be Arranged In Current FY To Develop Andhra's Capital Amravati - 20 lakh youths will be skilled under a new centrally sponsored scheme. Tax Slab Revision in the New Tax Regime for FY24-25: 0-3 Lakh: Nil 3-7 Lakh: 5% 7-10 Lakh: 10% 10-12 Lakh: 15% 12-15 Lakh: 20% 15 Lakh+: 30% Internships & Education: -1 crore youth to get internships in 500 top companies over 5 years. -Loans up to ₹10 lakh for higher education for those not previously eligible. Agriculture & Housing: -₹1.52 lakh crore allocated to boost agriculture. -₹10 lakh crore for PM Awas Yojana Urban 2.0 to address housing needs of 1 crore urban poor and middle-class families. Capital Expenditure & Tax Updates: -₹11,11,111 crore (3.4% of GDP) for capital expenditure. -Long-term gains on assets taxed at 12.5%. -Corporate tax on foreign companies reduced from 40% to 35%. -Security Transactions Tax on futures and options increased. -Income from share buybacks to be taxed. Comment on the expectations that went unfulfilled. #InfrastructureDevelopment #YouthEmpowerment #TaxUpdates
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July 23, 2024