Money Plant Trading Academy’s Post

📊 Breaking Down the New Income Tax Slabs 💼 The government has announced updated income tax rates. Here's a quick summary: No tax for income up to ₹3 lakhs 5% tax for ₹3-7 lakhs 10% for ₹7-10 lakhs 15% for ₹10-12 lakhs 20% for ₹12-15 lakhs 30% for income above ₹15 lakhs 📌 Key points: Employees earning up to ₹17,500 won't need to pay income tax Standard deduction raised from ₹50,000 to ₹75,000 What are your thoughts on these changes? How will they impact your financial planning? #IncomeTax #FinancialPlanning #TaxReform #IndianEconomy

🔍 Discover Your Tax Savings! 🔍 The Australian Budget 2024-25 is here, and we've broken down how it impacts YOU! Check out the table below to see the changes in taxable income and how you can benefit from reduced tax liabilities. #SVT #SVTAdvisors #AustraliaBudget #TaxSavings #FinancialPlanning #TaxpayerBenefits #Budget202425 #TaxReduction #TaxAdvice #FinanceTips #TaxLiability

🌟📢 Budget 2024: Tax Practitioners Urge Government to Rationalize Personal Income Tax 🌟📢 The upcoming Union Budget has sparked discussions about the need to rationalize personal income tax. Tax practitioners have put forward a compelling case to the government, highlighting the potential benefits of such a move. Rationalizing personal income tax has the potential to simplify the tax structure, ease compliance, and put more money in the pockets of taxpayers. This, in turn, can boost consumer spending and stimulate economic growth. As the government prepares to unveil the Budget 2024, the call for reforms in personal income tax gains prominence. #Budget2024 #TaxReforms #IncomeTax #EconomicGrowth #Government #PolicyMaking Your thoughts? How do you think rationalizing personal income tax could impact the economy and taxpayers? Let's discuss! 📊🤔 Note: AI-powered post. May contain errors.

So, what might we expect from the "painful" Autumn Budget? The likely targets are capital gains tax and inheritance tax. But I expect it will be the associated tax reliefs that will be changed, either in how they’re applied or caps on the amounts that can be claimed. And that would mean the headline rate remains unchanged, but the actual tax liability would increase. Read more: https://lnkd.in/eWrkPYmn #Budget2024 #uktax #OctoberBudget #TaxAdvisors

March 2024 is a crucial time for every tax payers to plan for tax saving investments. The article below covers all information to know before investing at the last moment for FY 2023-24 before getting ready to file your Income Tax Returns. https://lnkd.in/dgmGwVUf #IncomeTaxReturn #TaxSavingInvestments #TaxPayers

Breaking down the key fiscal changes from the recent Budget Speech! Sin tax has increased, corporate tax rate remains steady, and personal income tax tables stay unchanged. Fuel levy takes a pause, offering tax relief of approximately R4 billion. The education sector receives a boost of R25.7 billion, and health is allocated a substantial R848 billion. http://1sa.ge/SVAl50QGbj4 #SageOnBudget2024 #Budget2024 #BudgetSpeech2024

🚀 Budget 2024-25 Tax Reforms: What You Need to Know! 📊 The new budget brings significant changes to the tax structure. Here are some key highlights: 📌 Revised Income Tax Slabs: Higher standard deduction increased from ₹50,000 to ₹75,000. Adjusted income tax slabs to offer more relief to middle-income groups. 📌 Capital Gain Tax Changes: Short term tax gain increased from 15% to 20%. Long term tax gain increased from 10% to 12.5%. Higher exemption on capital gains raised to ₹1,25,000. 📌 Security Transaction Tax Adjustments: Options tax rate: 0.01% Futures tax rate: 0.02% These changes aim to simplify the tax system and provide more benefits to taxpayers. Stay informed and plan your finances accordingly! 💼💡 #Budget2024 #TaxReforms #Finance #TaxPlanning #EconomicGrowth #GovernmentPolicy

Your taxes may go up in 2026 thanks to key provisions of the Tax Cuts & Jobs Act expiring on Dec. 31, 2025. Changes include higher income tax rates and a significant drop in the standard deduction. Many are making the most of the situation by taking advantage of today’s lower tax rates, deferring future income and other strategies. 2 Questions: What are your thoughts? What's your plan? ...Don't have one? Lets talk!

Businesses: Do you expect federal income tax rates to go up, go down or stay the same in the future? If you think your rates could go up, here are some considerations. https://bit.ly/3xOigWP #smallbiztips #smallbusiessowners #smallbusinesstaxes

📢 Breaking Down the Tax Changes - Spring Budget 2024 📉 Discover what the new tax announcements mean for you and your business. From adjustments in rates to new incentives, our summary has it all covered. View our summary at https://rb.gy/74ypxd #TaxUpdate2024 #StayInformed #SeavorChartered