| Author | Message | ||
Vishwamitra Moderator Username: Vishwamitra Post Number: 1325 Registered: 04-2017 Rating: N/A |
savings certs kooda we cannot buy in bulk. so not sure should consult a CA for those details on how much we can go. Idea is to reduce taxable income not available income for survival The universal friend, vishwamitra was here. | ||
Twotown Hero Username: Twotown Post Number: 12349 Registered: 09-2016 Posted From: 12.163.249.135 Rating: N/A |
cool.. thankses. | ||
Vishwamitra Moderator Username: Vishwamitra Post Number: 1324 Registered: 04-2017 Rating: N/A |
up to 2.4 lakhs increased from 1.4 or something like that The universal friend, vishwamitra was here. | ||
Abhysg Legend Username: Abhysg Post Number: 50598 Registered: 08-2008 Posted From: 27.59.148.216 Rating: N/A |
Some cutoff untadi kada..you cannot claim all the money you invested in fd/lic | ||
Twotown Hero Username: Twotown Post Number: 12348 Registered: 09-2016 Posted From: 12.163.249.135 Rating: N/A |
rental income ki tax lo emanna change vachhindhaaa? | ||
Vishwamitra Moderator Username: Vishwamitra Post Number: 1323 Registered: 04-2017 Rating: N/A |
mari aasa ki kooda haddu undali sodara - you can invest sizeable but monthly expenses kooda run avvali ga kani I have seen people take NSC/Post office certificates for in multiples of 10's. The universal friend, vishwamitra was here. | ||
Vjawarrior Legend Username: Vjawarrior Post Number: 37125 Registered: 02-2014 Posted From: 192.251.84.7 Rating: N/A |
so eetillo 11 lacs petteyochaa? Power starrrrrrrrrr will rockkkkkkkkkkkkk | ||
Vishwamitra Moderator Username: Vishwamitra Post Number: 1322 Registered: 04-2017 Rating: N/A |
you can further reduce your income by saving more invest in retirement savings plan by LIC mutual funds national savings certficates like Indira Vikas Patra/NSC FD's under 5 years Post office deposits under 5 years The universal friend, vishwamitra was here. | ||
Mandharam Side Hero Username: Mandharam Post Number: 5343 Registered: 02-2008 Posted From: 157.45.38.55 Rating: N/A |
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Lolligadu Hero Username: Lolligadu Post Number: 17034 Registered: 09-2012 Posted From: 175.101.67.166 Rating: N/A |
nenu before this budget sangathi Septhunna......ippudu 2.5 to 5 ki tax teeseina vallaki pedda farak padadu.....chanamandi insurances, secure deposits vatitho cover chesesi returns file chestharu....akkada pedda origindi nahin.....5 lakhs above ki asalu no change... Middle class ki farak antunnadu kani 2014 ke above 5 lakhs ki vachesaru middle class janatha..... Simple example roju kooli velle hubby and wife iddaru kalisi 1200 pattuku pothunnaru intiki. That is 360k....Inka middle class janatha sangathi seppuko ippudu. | ||
Blundersucks Side Hero Username: Blundersucks Post Number: 3087 Registered: 02-2013 Posted From: 43.228.92.70 Rating: N/A |
Jeesus christ.. Please read it carefully. There is a tax rebate of 12.5k for people who have taxable income of 5lacs and below. If your taxable income is more than 5 lace( eve if it one rupee extra) you dont get any relief. It,s same as before.. ee desa charitra choosina emunnadi garva karanam, Nara jaathi charitra samstam , parapeedana parayanatvaM | ||
Platypus Side Hero Username: Platypus Post Number: 9669 Registered: 01-2008 Posted From: 77.100.60.41 Rating: N/A |
40L package ayithe 0-5 L - No tax (0% of 5L - 0) 5-10 L - 20% (20% of 5L - 1L) + 12500 10+ - 30% (30% of 30L - 9L) + 112500 Total tax = 10L + 125000 = 11.25L Current system lo 0-2.5 no tax (Remaining 37.5) 2.5-5 10% (10% of 2.5 = 0.25L) - Remaining 35L 5-10 20% (20% of 5L = 1L) + 12500 - Remaining 30L 10+ - 30% (30% of 30L - 9L) + 112500 Total tax - 10.25L + 1.25L = 11.5L So you are saving 25K per year (on a 40L gross salary) This world appearance is a confusion: even as the blueness of the sky is an optical illusion. I think it is better not to let the mind dwell on it, but to ignore it. | ||
Junior_no1 Megastar Username: Junior_no1 Post Number: 28088 Registered: 09-2014 Posted From: 223.238.55.52 Rating: |
 Fox Life | ||
Junior_no1 Megastar Username: Junior_no1 Post Number: 28087 Registered: 09-2014 Posted From: 223.238.55.52 Rating: |
Modi p suinchi aaku lick seyinchadu Fox Life | ||
Hotmail Side Hero Username: Hotmail Post Number: 8326 Registered: 10-2008 Posted From: 203.123.182.161 Rating: N/A |
nenu afternoon tv lo chusi super anukonna office lo wait till evening we will get details annaru cut chesthe Notilo pettadu beedi only for 5lakhs salary valla ki use anthe  | ||
Raman Legend Username: Raman Post Number: 60273 Registered: 01-2009 Posted From: 171.78.187.213 Rating: N/A |
debbesadu 12500 save anukunna  | ||
Onlytruth Legend Username: Onlytruth Post Number: 207106 Registered: 01-2007 Posted From: 45.29.50.49 Rating: N/A |
Perfect ! In other words : 1) Under 5 lakh income employees get an about 600 rupees per month benefit , they can watch an extra movie in a multiplex.... THank you MODI 2) Above 10 lakhs salaried , 90% of IT employees, NO CHANGE in TAX.. THank you modi | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10679 Registered: 06-2012 Posted From: 183.83.173.128 Rating: N/A |
Assuming you are talking about the taxable income after deducting everything that is deductable... for 4.5 lakhs guy before this rule. 4.5 - 2.5 = 2.0 Lakhs tax = 2.0 lakhs * 0.05 = 10,000 Rebate = 2500 Total tax = 7500 Cess = 7500 * 0.03 = 225 Total tax = 7725 After this rule: 0 For a 15 lakh salary guy Before this rule IT = 112500 + (15 -10) * 0.3 = 262500 Cess = 262500 * 0.03 = 7875 Total Tax = 270375 After the rule Almost the same except there is an additional 10000 std dedcution which will result in an additional 3090 savings. so the total tax will be 267285 2019 lo Modi for PM... | ||
Raman Legend Username: Raman Post Number: 60272 Registered: 01-2009 Posted From: 106.203.113.77 Rating: N/A |
Babu lolli what are you trying to say? Income tax exemption is removed from 5 lskh omnwards? Now you dont have to invest to save on tax? Dont confuse me .. 5lak limit plus 1.5 lakh 80ccc are still valid i guess | ||
Onlytruth Legend Username: Onlytruth Post Number: 207099 Registered: 01-2007 Posted From: 45.29.50.49 Rating: N/A |
emi vayyaa idhi india friends? explain correct 4.5 lakhs income 15 lakhs income before budget post budget explain all 4 use cases here with numbers | ||
Bumper Hero Username: Bumper Post Number: 15965 Registered: 07-2014 Posted From: 67.240.45.153 Rating: |
Free free freer . Desanii nakinchdamdi ra andaru Kalisii | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10678 Registered: 06-2012 Posted From: 183.83.173.128 Rating: N/A |
asalu evadu existing tax slabs choodara?? Ippudu 5%. with a rebate of 2500. so max tax would have been 10k. 2019 lo Modi for PM... | ||
Lolligadu Hero Username: Lolligadu Post Number: 17033 Registered: 09-2012 Posted From: 175.101.77.52 Rating: |
antey janalu oo madiri ga Koda anatledaa......2.5 to 5 lakh lo most insurances, home loans, post office, Matti madam Sana teesukuntaru..Inka tharvatha migeledi endi boodida.... Very less | ||
Lolligadu Hero Username: Lolligadu Post Number: 17032 Registered: 09-2012 Posted From: 175.101.77.52 Rating: N/A |
no exemption from 5 lakhs onwards antey vallaki old slabs apply avuthau ani artham..... | ||
Tugoboy Side Hero Username: Tugoboy Post Number: 9345 Registered: 03-2014 Posted From: 171.161.56.16 Rating: N/A |
I will recalculate. Lets say my salary is 15L. As of now non taxable income: 1.5L(80C) + 2L(HL Interest) + 50K(standard deduction)= 4L. (We can add many other things...) I have to pay tax on 15L-4L = 11L. 0L-2.5L -> 0% 2.5L - 5L -> 10% 5L-10L -> 20% 10L-11L - 30% Ee roju announce chesina danni batti: 0L-5L -> 0% 5L - 10L -> 20% 10L-11L - 30% | ||
Bharat Side Hero Username: Bharat Post Number: 7329 Registered: 06-2015 Posted From: 157.48.84.192 Rating: N/A |
2k/mo saved by middle class | ||
Raman Legend Username: Raman Post Number: 60271 Registered: 01-2009 Posted From: 106.203.114.101 Rating: |
25k saved enjoy madi | ||
Mrmark31 Junior Artist Username: Mrmark31 Post Number: 1 Registered: 08-2017 Posted From: 42.107.30.254 Rating: N/A |
https://economictimes.indiatimes.com/wealth/tax/budget-2019- only-those-with-income-up-to-rs-5-lakh-to-pay-no-tax-rates-r emain-same-for-all-others/articleshow/67789828.cms?utm_sourc e=whatsapp_app&utm_medium=social&utm_campaign=socialsharebut tons | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10676 Registered: 06-2012 Posted From: 183.83.173.128 Rating: N/A |
kaadu babu. sarigga choodu 2019 lo Modi for PM... | ||
Tugoboy Side Hero Username: Tugoboy Post Number: 9344 Registered: 03-2014 Posted From: 171.161.56.16 Rating: N/A |
Ehe...10L sal aithe.. ippudu, 0-2.5L - No tax 2.5L-5L - 10% 5L-10L- 20%. new tax. 0-5L - No tax 5L-10L - 20%. the general category (individuals aged below 60 years), no income tax is required to be paid if annual income does not exceed Rs 5,00,000. If income is between Rs 5,00,001 and Rs10,00,000, an individual has to pay income tax of 20 per cent along with additional health and education cess of 3 per cent. General category individuals earning above Rs 10,00,000 have to pay an income tax of 30 per cent along with an additional 3 per cent health and education cess. | ||
Hydabbai Comedian Username: Hydabbai Post Number: 1949 Registered: 08-2017 Posted From: 196.15.23.11 Rating: N/A |
Net taxable income 5L aithe tax undadhu. There is no change in tax slabs. Here is the budget speech snip. Individual taxpayers having taxable annual income up to 5 lakhs will getfull tax rebate and therefore will not be required to pay any income tax. As a result, even persons having gross income up to 6.50 lakhs may not be required to pay any income tax if they make investments in provident funds, specified savings, insurance etc. In fact, with additional deductions such as interest on home loan up to 2 lakh, interest on education loans, National Pension Scheme contributions, medical insurance, medical expenditure on senior citizens etc, persons having even higher income will not have to pay any tax. This will provide tax benefit of 18,500 crore to an estimated 3 crore middle class taxpayers comprising self employed, small business, small traders, salary earners, pensioners and senior citizens. | ||
Nyk Side Hero Username: Nyk Post Number: 4632 Registered: 04-2018 Posted From: 27.59.228.237 Rating: N/A |
Idi paatha lekka kadha...inthavaraku teleedha | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10669 Registered: 06-2012 Posted From: 183.83.173.128 Rating: N/A |
2.5 to 5 - 5% of amount above 2.5 - 2500 5 to 10 - 12500 + 20% of the amount above 5 10 above - 112500 + 30% of the amount above 10 Now 2.5 to 5 - 0 5 to 10 - 12500 + 20% of the amount above 5 10 above - 112500 + 30% of the amount above 10 2019 lo Modi for PM... | ||
Becbeckon Side Hero Username: Becbeckon Post Number: 7485 Registered: 02-2007 Posted From: 103.90.158.82 Rating: |
Konchem concession ivvavachu gaa pai brackets lo vundevallaki | ||
Junior_no1 Megastar Username: Junior_no1 Post Number: 28085 Registered: 09-2014 Posted From: 223.238.116.44 Rating: N/A |
latest upto 5l no tax 5l to 10l 20% 10l and above 30% Fox Life | ||
Anirvesh Comedian Username: Anirvesh Post Number: 1184 Registered: 08-2012 Posted From: 106.200.187.166 Rating: |
current 2.5 to 5 - 10% 5 to 10 - 20% Above 10 - 30% | ||
Junior_no1 Megastar Username: Junior_no1 Post Number: 28082 Registered: 09-2014 Posted From: 223.238.116.44 Rating: N/A |
modi emi ra idi Fox Life |
