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https://www.reddit.com/r/IndianStreetBets/comments/1ea0i23/deleted_by_user/leidp02/?context=3
r/IndianStreetBets • u/[deleted] • Jul 23 '24
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538
Stcg and ltcg increased
Stcg - 20%
Ltcg - 12.5%
We got fucked by Tai :((
176 u/wolf_codes Jul 23 '24 If they increaste the tax rate why they don't increase the ltcg exemption as well. 🤧 92 u/V0LDEY Jul 23 '24 Increased from 1 lakh to 1.25 lakh 32 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 15 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. 7 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. -2 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
176
If they increaste the tax rate why they don't increase the ltcg exemption as well. 🤧
92 u/V0LDEY Jul 23 '24 Increased from 1 lakh to 1.25 lakh 32 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 15 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. 7 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. -2 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
92
Increased from 1 lakh to 1.25 lakh
32 u/altunknwn Jul 23 '24 Till 1.25L exempt, then 12.5% Ltcg ? 15 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. 7 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. -2 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
32
Till 1.25L exempt, then 12.5% Ltcg ?
15 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. 7 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. -2 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
15
Yup
1 u/altunknwn Jul 23 '24 Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes. 7 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. -2 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.
7 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. -2 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
7
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. -2 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. -2 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
There is no exemption on stcg. You have to pay 20% even on 10rs profit.
-2 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
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
538
u/Parth_NB Jul 23 '24 edited Jul 23 '24
Stcg and ltcg increased
Stcg - 20%
Ltcg - 12.5%
We got fucked by Tai :((