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Category: Budget

Budget 2018-2019 Major Benefits to Senior Citizens!

Budget 2018 has a slew of benefits for senior citizens. Here is a list. Also see: Budget 2018-2019: Long Term Capital Gains from Equity to be taxed at 10% – Implications New: Long Term Capital Gains Taxation from Equity: Examples (Budget 2018-2019) UPDATE: Equity LTCG Taxation: How much tax do I need to pay? Illustration part 1 1: […]

Budget 2018-2019: Long Term Capital Gains from Equity to be taxed at 10% – Implications

In his budget speech today, the Finance minister announced 10% tax (without indexation) for capital gains exceeding one lakh from all direct equity and equity mutual funds. However, all capital gains until Jan 31 2018 will be grandfathered, that is still subject to old rules. Short-term capital gains tax remains at 15%. Also read: Budget 2018-2019 Major […]

Budget 2017: Tax benefit illustration

The government has proposed to decrease the tax for those earning between 2.5 Lakh to 5 Lakh per anum to 5% from 10%. This is a welcome move and would benefit all tax slabs.  Here is an illustration. For those in 30% tax slab Net taxable income after considering all applicable deductions = 15 Lakh. […]

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