With the start of new fiscal year, here's how your life will be changed: 5 key things to know - dental floss water jet

by:Yovog     2021-09-02
With the start of new fiscal year, here\'s how your life will be changed: 5 key things to know  -  dental floss water jet
Below we have a list of changes and complete items that have become expensive since April 1.
The new fiscal year begins.
At the beginning, Finance Minister Arun Jaitley submitted the Budet proposal to Parliament on February 1.
While one of the biggest changes is the arrival of the LTCG tax, there are several other changes that will radically change your financial position.
According to the 2018 budget, not only new changes, but also some daily basic items are ready to be charged in your pocket.
Below we have a list of changes and complete items that have become expensive since April 1.
One of the major and biggest changes effective from April 1 is the return on long-term capital gains, that is, long-term capital gains refer to the gains generated by the transfer of long-term capital
Regular capital assets.
The financial bill of 2018 proposes to provide a new long-term
Regular capital gains tax system for the following assets
Equity of a company listed on an approved stock exchange; ii.
Unit of stock fund; andiii.
Unit of Commercial Trust.
The new system under financial act 20178 will apply to the above assets
Assets are held for at least 12 months from the date of acquisition; andb.
A securities transaction tax (STT) is paid at the time of transfer ).
But in the case of equity acquired after 1. 10.
2004, even at the time of the acquisition (in the case of notification exemption), STT is required to be paid.
In introducing his fifth and last full session of the BJP government
Arun Jaitley, finance minister for the annual budget ahead of next year's general election, said the proposal would allow individual taxpayers to "deduct Rs 40,000 in lieu of the current exemption in respect of transportation allowances and miscellaneous medical expenses reimbursement ".
The standard deduction of Rs 40,000 instead of transportation allowance and medical reimbursement will take effect from Sunday.
Below, we have explained how the deduction of Rs 40,000 is working for people with different tax bills. 1.
The maximum benefit of the above announcement will be those who earn more than Rs 10 a year.
With all kinds of taxes, the person will pay a tax of RS 875.
But with the new regulations, he/she can now save about RS 7,195 a year.
But as your income increases, the benefits of the deduction begin to sign up with higher success.
Similarly, at income levels below Rs 10, benefits are not as much as income and are reduced.
The exception to this downward trend occurs in the non-
Salary income for Rs 2. 9 lakh.
Such people are now paying 2,060 rupees in taxes and cash.
Send out the budget and they don't pay anything.
With the arrival of the new fiscal year, the educational achievement of only 2 percentage points before has now risen to 4 percentage points.
Although the exemption limit for interest income for older persons has been increased by five times to Rs 50,000 per year, the deduction limit for health insurance premiums and medical expenses has been increased from Rs 50,000 to Rs 30,000 under section I-D. T Act.
For the elderly and very older citizens, the tax deduction for major diseases will be RS 1 from April 1, while the existing limit for older citizens is Rs 60,000 and the limit for very older citizens is 80,000
In order to provide further relief to NPS subscribers, a new clause (12B) has been inserted from Sunday in section 10 of article 1961 of the Income Tax Act ), in accordance with the terms and conditions set out in the regulations on the regulation and development of the pension fund, the exemption section extracts no more than 2013 of the employee's contributions, in accordance with the pension fund and the regulations established there.
This benefit will take effect when subscribers withdraw partially after April 1, 2017.
In addition, the highest proportion of total self-operated income
Under section 80 CCD (1) of the Income Tax Act 1961, an employed individual (except the working class) will be deducted from taxable income, up from ten per cent before.
In addition to the above changes, below is.
Cars and motorcycles, silver vegetables, juice including orange and red glass, soy protein perfume and toilet water, sunscreen, manicure, pedicure, oral hygiene, fixing of false teeth
Dental floss-
After shaving, shaving, or shaving
Shaving Supplies, deodorant, bathing supplies, depilation, perfume spray and similar toilet spray and color jewelry stroller in the radial tyresSilk fabricstwfootwely of the bus, puzzles for all kinds of video game consoles, items and equipment for stroller sports or outdoor games, swimming pools and paddle pools, as well as other lighters, candle holders, edible/vegetable oils (such as olive oil ), how much will peanut oil increase in price increases related to certain items, as shown below: TV prices will rise 5% mobile phones will rise 5% silver prices will rise 3% footwear prices will rise 5% mobile phone battery prices will also rise 5% gold prices will increase 3%, maybe there will be some goods, it will be cheaper, they, raw cashew nuts will be cheaper because the custom duty is reduced by 2.
5% the price of gasoline and diesel will drop by RS 2 after the consumption tax is reduced. Raw materials of dutySolar tempered glass for cochlear implants.
Chat Online
Chat Online
Chat Online inputting...