Union Budget

[Ultraman]

TBH It's actually easier and standardised method. I dont think any other asset/profit/intrest used to get inflation adjustment benefits.

planning on selling some land , looks like new one will save me lot of money

thank you onion lady.

 

[crazywithmath]

We have finally reached a state where budgets are just routine annual affairs unworthy of making headlines across media - this is how serious nations do their budgets. Allocations to states like Bihar and AP are a tiny fraction of what was originally demanded - also, no special status. Fiscal consolidation continues and the union govt expects a narrower fiscal deficit.

The armchair psephologists predicting 150 paar in 2029 based on a routine annual budget are nothing but nuclear weapon grade knuckleheads cuz I came across similar predictions in 2015, 2016, 2018, 2020 and 2022.

Also, nobody, absolutely nobody does a favor to us mere mortals by staying back; far far more talented folks have left India for greener pastures and nobody misses them. If you want to leave this nation and do not want to be part of the India story then you are more than welcomed to do so; you do not have to make posts on the budget thread for that.

I can now understand why the old DFI mods were so trigger happy; this endless stream of bhosdapilling must have got into their heads.

 

[abhijat]

Any analysis of impact of 5 schemes in PM Package on industries given exemption on import of manufacturing machines under custom duty ? Would it lead to increase in formal employment in these industries ?

Also would internship in Top 500 companies, as provided in budget, possibly bridge gap between academia and industry ?

 

[Gandaberunda]

Money has to be given to Bihar and Andhra. BJP should have done this in parts so that they are not burdened together in Budget.
They should have never let go of CBN and helped him when the state split and Andhra had misfortune of losing their Capital itself.
CBN for once is one of the most pro development CM ever in India.

May be out of context to this budget thread but how can you run a coalition govt when you crying in media right after first session of parliament after forming the coalition govt. He is on third term and crying like a rookie can’t handle opposition jibes in parliament? Kept incompetent ministers who doesn’t give a fuck what’s happening in country (FM EM and Railway reel minister). He is literally behaving like a kid whose candies are taken away.

View: https://x.com/abhishbanerj/status/1815268523276464480?s=46&t=DQ2dLQSizRMeJsHSEVcJGg

 

[Vinash]

May be out of context to this budget thread but how can you run a coalition govt when you crying in media right after first session of parliament after forming the coalition govt. He is on third term and crying like a rookie can’t handle opposition jibes in parliament? Kept incompetent ministers who doesn’t give a fuck what’s happening in country (FM EM and Railway reel minister). He is literally behaving like a kid whose candies are taken away.

View: https://x.com/abhishbanerj/status/1815268523276464480?s=46&t=DQ2dLQSizRMeJsHSEVcJGg

Complete and utter failure!

10 years of power with the most hype for any PM in decades and still playing the victim card in the 3rd term.

On top of that, got the label of Hindu fascist without doing anything concrete for Hindus.

10 years in power and Hindu party doesn't want to free Hindu Temples. Hindus should demand that BJP must free Hindus Temples if they want Hindu vote in 2029.

 

[Gandaberunda]

Complete and utter failure!

10 years of power with the most hype for any PM in decades and still playing the victim card in the 3rd term.

On top of that, got the label of Hindu fascist without doing anything concrete for Hindus.

10 years in power and Hindu party doesn't want to free Hindu Temples. Hindus should demand that BJP must free Hindus Temples if they want Hindu vote in 2029.

BJP has screwed every section of the society so much that they have reached no point of return. BJP got votes on the name of Modi for 2 terms even though the local candidates were absolute morons and bozos. Now Modi image has taken hit and he is crumbling on his own hype created no one believes their jumlas or polarising statements. IT cell morons will bring the downfall

 

[Jackprince]

View: https://x.com/ANI/status/1815689033776803875

#WATCH | #UnionBudget2024 | On 12.5% tax on long-term capital gains, Union Finance Minister Nirmala Sitharaman says, "...We wanted to simplify the approach to taxation - also for the capital gains. Second, if anything, the average taxation has actually come down when we say it is 12.5%. We have worked out for each of the different asset classes...The point that we brought it down from below the average to 12.5% encourages investment in the markets..."

Does she even know what she is saying?

Never have I ever seen such a group of tone deaf politicos. But then, these are all RS MPs. Basically backdoor entries.

Every year she has given babaji ka thullu yo the Middle class. Then comes on PC and speaks haughtily.

 

[dr.defence]

Sir can anybody please explain how the internship scheme in union budget is
1) helpful for economy overall
2) not a freebie or to attract votes
3) how it is different from congres's one which was criticized for causing burden on gdp
Please delete my same post in indian economy thread because I was not aware about this thread

 

[Gandaberunda]

Sir can anybody please explain how the internship scheme in union budget is
1) helpful for economy overall
2) not a freebie or to attract votes
3) how it is different from congres's one which was criticized for causing burden on gdp
Please delete my same post in indian economy thread because I was not aware about this thread

This arrogant onion minister has copied congress manifesto just to do patch work for screwed handling of economy ( unemployment and job creation is the main focus on youths and making agenda nowadays)

 

[Kedar]

Complete and utter failure!

10 years of power with the most hype for any PM in decades and still playing the victim card in the 3rd term.

On top of that, got the label of Hindu fascist without doing anything concrete for Hindus.

10 years in power and Hindu party doesn't want to free Hindu Temples. Hindus should demand that BJP must free Hindus Temples if they want Hindu vote in 2029.

Lost cause and it started around NRC and Farmers retreat and since then just moving in reverse gear selling 5T GDP nonsense.....typical of some section of gujju's that shamelessly market their stores as India and Pakistani groceries (noticed when I was posted overseas). Telugu's another nutbag that brand their restaurants aggressively as halal and so on....Punjabi....well less spoken the better.

Union budget is never relevant to middle class or tax paying ones.....just like police that never take side of law abiding people. BJP is good for business atleast and this is one good aspect....most cucked party when it comes to using power. Under this cuckoo gang, Ram mandir would have never happened and that old hot blood is diluted by these 11 dimension so called strategists.

Under good times, you do what needs to be done....totally wasted 2nd term. Now no point in hoping with vultures like Nitish and Naidu.....one has to be insane to hope anything.

 

[Viktor]

I heard in this budget there is no relief to middle class, the only loyal voter base to bhajipao.
Can anyone clarify ?

 

[ezsasa]

"sustenance & operational readiness", technically it is revenue expenditure i.e Non-Salary Revenue

so looked at past PIB MoD statements when budget is released.
2021-22 = 54,624 crore
2023-24 = 62,431 crore
2024-25 = 92,088 crore

perhaps one way to read this (subject to correction), as a reason why IA and IN are able to deploy in quick time. IA doing area domination by deploying thousands of troops whenever tangos pop up in some sector, and IN making their presence felt in arabian sea. chini side op readiness is anyways there these days.

may be this is how VUCA looks like from budgeting perspective.
=====

Rs 92,088 crore for for sustenance & operational readiness​

he Government has allocated Rs 92,088 crore during the current FY under this head, which is 48% higher than the budgetary allocation of FY 2022-23.

Rs 6.22 lakh crore allocated to MoD, highest among Ministries, in Regular Union Budget 2024-25; 4.79% higher than FY 2023-24

In the Regular Union Budget of Financial Year (FY) 2024-25, Ministry of Defence (MoD) has been alloc

pib.gov.in

 

[crazywithmath]

Does she even know what she is saying?

Never have I ever seen such a group of tone deaf politicos. But then, these are all RS MPs. Basically backdoor entries.

Every year she has given babaji ka thullu yo the Middle class. Then comes on PC and speaks haughtily.

Criticize her for ceding the control of the FinMin to the babus (because she is a lightweight and a literal nobody who cannot manage shit and has no experience managing even a medium sized org) - not for taxing the so-called middle class. The 'real' middle class does not pay income taxes; only the elites among the elite (in Indian context) do.

 

[Jackprince]

Criticize her for ceding the control of the FinMin to the babus (because she is a lightweight and a literal nobody who cannot manage shit and has no experience managing even a medium sized org) - not for taxing the so-called middle class. The 'real' middle class does not pay income taxes; only the elites among the elite (in Indian context) do.

What is middle class? if Rs.4L per annum is middle class, there cannot be a worse joke.


Who are the elites? People making Rs.4.5L per annum is elite?


It ain't so called middle class. It is the middle class. The only group who gets fcuked over and over by this particular BJP govt since last 10 years. This BJP people when in opposition in 2008 or 2009 made halla demanding exemption limit to be increased from Rs.2.5L to Rs.5L.

BJP was a bunch of hypocrites, but now filled with incompetents too.

 

[Nutcracker]

What is middle class? if Rs.4L per annum is middle class, there cannot be a worse joke.
Who are the elites? People making Rs.4.5L per annum is elite?

It ain't so called middle class. It is the middle class. The only group who gets fcuked over and over by this particular BJP govt since last 10 years. This BJP people when in opposition in 2008 or 2009 made halla demanding exemption limit to be increased from Rs.2.5L to Rs.5L.

BJP was a bunch of hypocrites, but now filled with incompetents too.

.
How can BJP demand exemption to be increased from 2.5L to 5L in 2009 when even by 2013 it was only 2 L for common man ?


Now upto 5 lakh is exempted , I see exemption slab getting 2.5x . You can't ?

 

[hit&run]

Is it the correct calculation? Done on an Indian tax calculator online.

 

[spiritb2]

View attachment 4073

View attachment 4074

Is it the correct calculation? Done on an Indian tax calculator online.

Nope always use ITD official page for tax calculation.

https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

If you choose New Tax Regime Pre-Budget Net Tax will be ₹135200 & Post-Budget Net Tax will be ₹119600.

If you choose Old Tax Regime, You need to submit proof's to claim deductions from Total Income to claim Tax relief

 

[crazywithmath]

What is middle class? if Rs.4L per annum is middle class, there cannot be a worse joke.


Who are the elites? People making Rs.4.5L per annum is elite?


It ain't so called middle class. It is the middle class. The only group who gets fcuked over and over by this particular BJP govt since last 10 years. This BJP people when in opposition in 2008 or 2009 made halla demanding exemption limit to be increased from Rs.2.5L to Rs.5L.

BJP was a bunch of hypocrites, but now filled with incompetents too.

Quick question,

What is the median household income in India?

If anything, almost all the govts have been quite generous when it comes to income taxes.

 

[karn]

What is the definition of the GOI for middle class ?
If it is 4 - 8 Lakhs then govmint have very solidly catered to this band . If you earn more than 10 Lakhs in a year you are in the top 10% of earners. When I see ranting about "middle class" getting squeezed what you mean it is the "rich" salaried class getting squeezed . And incase of votes how much do you really think the govmint cares about the votes of 10% of the population.
10% of the population is still 140 million people so we got our own echo chamber going on this topic.

 

[crazywithmath]

What is the definition of the GOI for middle class ?
If it is 4 - 8 Lakhs then govmint have very solidly catered to this band . If you earn more than 10 Lakhs in a year you are in the top 10% of earners. When I see ranting about "middle class" getting squeezed what you mean it is the "rich" salaried class getting squeezed . And incase of votes how much do you really think the govmint cares about the votes of 10% of the population.
10% of the population is still 140 million people so we got our own echo chamber going on this topic.

I will have to look up the details but pretty sure a person earning 10 lpa is in the top 2-3%; if not less.