𝐁𝐮𝐝𝐠𝐞𝐭 𝐅𝐘 𝟐𝟒-𝟐𝟓 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 🌟

 𝐁𝐮𝐝𝐠𝐞𝐭 𝐅𝐘 𝟐𝟒-𝟐𝟓 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 🌟



⭐ 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧: Increased to ₹75,000 from ₹50,000 in new regime.


⭐ 𝐋𝐓𝐂𝐆 𝐄𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧: Hiked from ₹1 lakh to ₹1.25 lakhs; tax rate increased to 12.5% from 10%


⭐ 𝐒𝐓𝐂𝐆: Increased from 15% to 20%.


⭐ 𝐋𝐓𝐂𝐆 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐏𝐞𝐫𝐢𝐨𝐝: All financial non-listed and non-financial assets holding period is 24 months or more; listed assets holding period is 12 months or more only.


⭐ 𝐀𝐛𝐨𝐥𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐧𝐠𝐞𝐥 𝐓𝐚𝐱: No tax on shares issued by private and unlisted companies exceeding the fair value of the company.


⭐ 𝐓𝐚𝐱 𝐒𝐥𝐚𝐛𝐬: Remain the same with 30% tax above ₹15 lakhs. New slabs: ₹3-7 lakhs instead of ₹3-6 lakhs under section 115BAC.


⭐ 𝐀𝐩𝐩𝐞𝐚𝐥𝐬 𝐋𝐢𝐦𝐢𝐭𝐬: Increased for filing appeals to Tax Tribunals, High Court, and Supreme Court to ₹60 lakhs, ₹2 crores, and ₹5 crores, respectively.


⭐ 𝐒𝐚𝐟𝐞 𝐇𝐚𝐫𝐛𝐨𝐮𝐫 𝐋𝐢𝐦𝐢𝐭𝐬: Expanded to reduce TP litigations.


⭐ 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱: Rate for foreign companies reduced to 35% from 40%.


⭐ 𝐓𝐃𝐒 𝐨𝐧 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞: Reduced to 0.1% from 1%.


⭐ 𝐓𝐃𝐒 𝐨𝐧 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧: Reduced to 2% from 5%.


⭐ 𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐡𝐨𝐧𝐞𝐬: BCD reduced to 15%.


⭐ 𝐆𝐨𝐥𝐝 𝐚𝐧𝐝 𝐒𝐢𝐥𝐯𝐞𝐫: Duties reduced to 6%.


⭐ 𝐒𝐓𝐓 𝐨𝐧 𝐅&𝐎: Increased from 0.02% to 0.1%.


⭐ 𝐄𝐪𝐮𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐋𝐞𝐯𝐲: 2% levy on foreign e-commerce operators removed.


⭐ 𝐄𝐒𝐎𝐏 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠: Non-reporting of ESOPs held in foreign companies, social security schemes, and other movable assets abroad de-penalized (penalty of ₹20 lakhs removed).


⭐ 𝐈𝐧𝐭𝐞𝐫𝐧𝐬𝐡𝐢𝐩𝐬: Opportunities for 1 crore youth in top companies. Training costs to be covered by companies' CSR expenditure (maximum 10%). Monthly allowance of ₹5,000 with a one-time allowance of ₹6,000.


⭐ 𝐅𝐫𝐞𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲: Up to 300 units via 1 crore rooftop solar panel installations.


⭐ 𝐑&𝐃 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲: Expenditure in nuclear energy sector to improve the energy mix, along with solar and non-renewable energy.



📊 Total Outlay: ₹47.65 lakh crores

📊 Fiscal Collections: ₹30.80 lakh crores (excluding loan receipts)

📊 Fiscal Deficit: 5.1% of GDP

📊 Defence Budget: 12.9% of total expenditure


Lower and rich class rocks, middle class shocks!


#Budget24 #FY25 #Highlights #GOI #MinistryOfFinance #NirmalaSitharaman #Finance #ICAI #Economy


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