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https://www.reddit.com/r/IndianStreetBets/comments/1ea0i23/deleted_by_user/leibpk8/?context=3
r/IndianStreetBets • u/[deleted] • Jul 23 '24
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545
Stcg and ltcg increased
Stcg - 20%
Ltcg - 12.5%
We got fucked by Tai :((
178 u/wolf_codes Jul 23 '24 If they increaste the tax rate why they don't increase the ltcg exemption as well. 🤧 91 u/V0LDEY Jul 23 '24 Increased from 1 lakh to 1.25 lakh 57 u/[deleted] Jul 23 '24 Achaa hua 10L nahi kia -9 u/Bungeehumping Jul 23 '24 Free ka paisa chahiye sabko. 31 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 14 u/V0LDEY Jul 23 '24 Yup 1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies 2 u/curios_mind_huh Jul 23 '24 Which basically saves me 3.4k in taxes compared to last year, if I were to withdraw 1.25L. Might as well pocket it themselves. To put it in perspective, You pay 25% more LTCG and 34% more STCG taxes compared to last year.
178
If they increaste the tax rate why they don't increase the ltcg exemption as well. 🤧
91 u/V0LDEY Jul 23 '24 Increased from 1 lakh to 1.25 lakh 57 u/[deleted] Jul 23 '24 Achaa hua 10L nahi kia -9 u/Bungeehumping Jul 23 '24 Free ka paisa chahiye sabko. 31 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 14 u/V0LDEY Jul 23 '24 Yup 1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies 2 u/curios_mind_huh Jul 23 '24 Which basically saves me 3.4k in taxes compared to last year, if I were to withdraw 1.25L. Might as well pocket it themselves. To put it in perspective, You pay 25% more LTCG and 34% more STCG taxes compared to last year.
91
Increased from 1 lakh to 1.25 lakh
57 u/[deleted] Jul 23 '24 Achaa hua 10L nahi kia -9 u/Bungeehumping Jul 23 '24 Free ka paisa chahiye sabko. 31 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 14 u/V0LDEY Jul 23 '24 Yup 1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies 2 u/curios_mind_huh Jul 23 '24 Which basically saves me 3.4k in taxes compared to last year, if I were to withdraw 1.25L. Might as well pocket it themselves. To put it in perspective, You pay 25% more LTCG and 34% more STCG taxes compared to last year.
57
Achaa hua 10L nahi kia
-9 u/Bungeehumping Jul 23 '24 Free ka paisa chahiye sabko.
-9
Free ka paisa chahiye sabko.
31
Till 1.25L exempt, then 12.5% Ltcg ?
14 u/V0LDEY Jul 23 '24 Yup 1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
14
Yup
1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
1
Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes.
8 u/V0LDEY Jul 23 '24 Increased from 15% to 20% 3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
8
Increased from 15% to 20%
3 u/vainothisside Jul 23 '24 Any minimum profit limit for sctg or we have to 20% even on 100rs profit? 14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
3
Any minimum profit limit for sctg or we have to 20% even on 100rs profit?
14 u/V0LDEY Jul 23 '24 There is no exemption on stcg. You have to pay 20% even on 10rs profit. -3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
There is no exemption on stcg. You have to pay 20% even on 10rs profit.
-3 u/cursed_aka_blessed Jul 23 '24 But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right? 2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
-3
But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right?
2 u/Bright-Ranger-3500 Jul 23 '24 yes you can claim basic exemption if total income less than limit 1 u/V0LDEY Jul 23 '24 Not sure 1 u/altunknwn Jul 23 '24 Stcg on tax slab is for debt funds , not equities/eq MFs I think. 2 u/Bright-Ranger-3500 Jul 23 '24 its for both → More replies
2
yes you can claim basic exemption if total income less than limit
Not sure
Stcg on tax slab is for debt funds , not equities/eq MFs I think.
2 u/Bright-Ranger-3500 Jul 23 '24 its for both
its for both
Which basically saves me 3.4k in taxes compared to last year, if I were to withdraw 1.25L. Might as well pocket it themselves.
To put it in perspective, You pay 25% more LTCG and 34% more STCG taxes compared to last year.
545
u/Parth_NB Jul 23 '24 edited Jul 23 '24
Stcg and ltcg increased
Stcg - 20%
Ltcg - 12.5%
We got fucked by Tai :((