Day Trading Stocks & Futures

[Riskyman]

you are wrong ...for most people(99%) the new tax slab will be better
even with dedcutons the old system cannot beat new system
80c and other deductons essentially are now obsolete...
here is a quck calculation I did for income of 20 lakh

 

[Riskyman]

More realistic calculations on Moneycontrol
View attachment 40018

 

[travi]

View attachment 40023

Shayad lagta hai abhi padh ke nikle hue Bachelor jo seedha 10-25L ka ctc le ke baita ho, unko new scheme chalega
where accommodation is in PG/rent sharing style, bike pe ghumna accha lagta hai etc
hum oldies ke liye old scheme chalegi

 

[AJK]

More realistic calculations on Moneycontrol
View attachment 40018

And how many earn 1.6 lakhs per month in India for this 20 L per annum slot?

 

[Subhadip]

And how many earn 1.6 lakhs per month in India for this 20 L per annum slot?

many actually...

 

[AJK]

And how many earn 1.6 lakhs per month in India for this 20 L per annum slot?

Majority are, and consideration should be given to, the middle class who would be affected by the economy the most. They are the major part of economy i think. All these products and businesses aim their large chunks of profits from these middle class earnings.

 

[travi]

Majority are, and consideration should be given to, the middle class who would be affected by the economy the most. They are the major part of economy i think. All these products and businesses aim their large chunks of profits from these middle class earnings.

source: https://www.incometaxindia.gov.in/D...Return-Statistics-Assessment-Year-2018-19.pdf

 

[Riskyman]

And how many earn 1.6 lakhs per month in India for this 20 L per annum slot?

 

[Sakthiganesh]

We can still claim deduction for EPF in new system

 

[travi]

We can still claim deduction for EPF in new system

all deductions are not abolished ( they said around 70 and plan to remove more in the fuure ). im still waiting for the fine print to be analysed by tax experts.
right now, its like beating around the bush.