Exempt Income Update | New Section 10(15B)
Finance Act (No. 2), 2024 introduces a new exemption:
• Section 10(15B) added under ‘Other exempted income’
• Applies to: Foreign companies that are non-residents
• Listed in the Incomes fully exempt table
Another targeted exemption aimed at improving cross-border investment flows.
NPS Deduction Boost under New Tax Regime (115BAC)
As per Finance Act (No. 2), 2024:
• Deduction u/s 80CCD(2) now allowed up to 14% of Salary + DA
• Applies regardless of the nature of employment
• Previously capped at 10% for private sector employers
Applicable from AY 2025-26 to individuals opting for 115BAC.
#IncomeTax #NPS #80CCD #TaxDeduction #115BAC #Budget2024 #EfileTax
Capital Gains Update | Section 50AA
Effective 23 July 2024, unlisted debentures and bonds (except Sovereign Gold Bonds) are now a distinct asset class for STCG purposes.
Taxable under the new Section 50AA, inserted via Finance Act (No. 2), 2024.
STCG tables updated under:
Asset Type → Shares / Debentures / Units / Bonds
Applies to all taxpayers except Local Authorities.
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
More tax relief under the new regime (Section 115BAC)
As per Budget 2024, standard deductions have been increased
• Salary income → ₹75,000 (earlier ₹50,000)
• Family pension → ₹25,000 (earlier ₹15,000)
Applies from AY 2025-26 to those opting for the new tax regime.
🚨 New Tax Regime Gets a Makeover under Section 115BAC!
Budget 2024 has RAISED the 5% slab limit to ₹7L 👀
Slab break-up for FY 2024-25 (AY 2025-26)
🟢 ₹0–₹3L → 0%
🟡 ₹3L–₹7L → 5%
🔵 ₹7L–₹10L → 10%
🟠 ₹10L–₹12L → 15%
🟣 ₹12L–₹15L → 20%
🔴 ₹15L+ → 30%
✅ Applies to: Individuals, HUFs, AOPs, BOIs, etc.
📌 Only for Residents opting new regime
📊 More savings or more confusion?
Will you switch to the new tax regime this year?
LIVE: PM Modi’s remarks on the Budget 2024-25
PM Modi Live: Prime Minister Narendra Modi expresses his views on the Budget 2024-25. #budget #budget2024 #pmmodi #narendramodi #modi To Subscribe PM Narendra Modi's YouTube Channel click now at and stay updated🔔 To Follow PM Narendra Modi's WhatsApp Channel, click now at PM Narendra Modi's other social media platforms: ► Download the NM App: ► Like us on Facebook: ► Follow us on Twitter: ► Follow us on Instagram: source
https://spinelessnews.com/live-pm-modis-remarks-on-the-budget-2024-25/
Amrinder Singh Raja Warring Highlights Punjab’s Drug Crisis in LS, Cites Indian Express Report
Raja Warring Parliament Speech: In the Lok Sabha today, MP Amrinder Singh Raja Warring addressed the ongoing drug problem in Punjab, referencing a recent report by Indian Express to underscore the severity of the issue. Raja Warring called for urgent measures to combat the drug crisis affecting the state. #ParliamentSession2024 #AmarinderSinghRajaWarring #Budget2024…
Dharmendra Yadav Loksabha Speech: ‘अयोध्या से इतनी नफरत हो गई?’ Dharmendra Yadav की स्पीच Viral
#ABPGangalive #UPNews #budget2024 #dharmendrayadav Dharmendra Yadav Loksabha Speech: 'अयोध्या से इतनी नफरत हो गई?' Dharmendra Yadav की स्पीच Viral ABP Ganga उत्तर प्रदेश और उत्तराखंड की खबरों के लिए सबसे विश्वसनीय, भरोसेमंद और लोकप्रिय चैनल है. यह चैनल ABP नेटवर्क का हिस्सा है. यहाँ पर यूपी-उत्तराखंड की हर छोटी बड़ी खबरों का 24 घंटे सबसे तेज अपडेट मिलता रहेगा. राजनीति,…
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Anwar Hashmi
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