#New Tax Regime
Text
Confused about Indian tax regimes? This guide breaks down the differences and helps you choose the best plan to save more on your taxes. Unravel the secrets of Indian tax regimes and discover the optimal strategy to maximize your tax savings. Learn how to choose between the old and new regimes for a lighter tax burden.
0 notes
Text
Stay updated on India's new tax regime for FY2024-25 with Finance Ministry's latest information. Learn all you need to know about the changes and implications.
0 notes
Text
0 notes
Text
New Income Tax Form 10IEA to Fill for Opting Old Tax Regime
New Income Tax Form 10-IEA: CBDT issued Notification No. 43/2023-Income Tax dated 21st June 2023 specifying the process consultants, professionals, people having business income should follow to continue with the old tax regime from the current financial year, i.e., FY 2023-24. The change in the process has been introduced as from this financial year, the new tax regime has become the default tax…
View On WordPress
0 notes
Text
How much tax do I pay on 15 lakhs?
Here is the table showing how much tax does have to pay on Rs 15 lakhs income if you opt for old and new tax regimes:
Note: The deductions and exemptions are not available in the new tax regime.CategoryOld Tax Regime (₹)New Tax Regime (₹)Income15,00,00015,00,000Deductions4,75,0000Taxable income
Less: Exempt
Total Income10,25,000
250000
7750001500000
250000
1250000Income tax120000100000Add:Cess 4%48004000Net Tax liability124800104000
The best way to save tax for a salary above 15 lakhs is to opt for the old tax regime and claim all the available deductions and exemptions on tax-saving investments
POPULAR BLOGS:
TDS rate on sale of property
Documents Required For ITR Filing-2022
Withdrawal Of Deduction On Home Loan
NPS Scheme
Employee Contribution to Provident Fund (PF)
1 note
·
View note
Text
#New Tax Regime VS Old Tax Regime#Union Budget 2023#New Tax Regime#Directusinvestments#mohit munjal youtube#stock market
0 notes
Text
ఆదాయపు పన్ను మినహాయింపులకు మంగళమేనా?
కేంద్ర ప్రభుత్వ బడ్జెట్ లో అంతో ఇంతో అందరినీ ఆకట్టుకున్న అంశం ఏదైనా ఉందంటే అది ఉద్యోగుల ఆదాయ పన్ను పరిమితి పెంపు అని చెప్పుకోవచ్చు. బహుశా ఎన్నికల ఏడాది కాబట్టి ఉద్యోగులపై కరుణ చూపినట్టుంది. ఆదాయపు పన్ను పరిమితిని ఏడు లక్షల వరకు పెంచడం చాలా మందికి ఊరట నిచ్చే అంశమే. అయితే ఈ చర్యతో మరీ ఆహా ఓహో అని సంబరపడేంత సీన్ కూడా లేదు. ఎందుకంటే 5 లక్షల నుంచి 7 లక్షల రూపాయల వరకు వేతనం పొందుతున్నవారు భారీ సంఖ్యలో…
View On WordPress
#2023-24 budget#budget#income tax#new tax regime#nirmala sitaraman#tax slabs#ఆదాయపు పన్ను#ఆదాయపు పన్ను శ్లాబులు#పన్ను చెల్లింపుల విధానం#పన్ను రాయితీలు#మినహాయింపులు
0 notes
Text
Criticizing The Illegal Regime of Zionist Terrorist 🐖 Isra-hell? Nonprofit Media Could Lose Tax-Exempt Status Without Due Process
A New Anti-Terrorism Bill Would Allow The Government To Take Away Vital Tax Exemptions From Nonprofit News Outlets.
— Seth Stern | May 10, 2024 | The Intercept
“Scrotums Licker of the Illegal Regime of The Terrorist Zionist 🐖 🐷 🐖 🐗, Sen. John Cornyn, R-Texas,” speaks during a news conference in the U.S. Capitol on March 21, 2024. Photo: Bill Clark/CQ Roll Call via AP Images
It Doesn’t Take much to be accused of supporting terrorism these days. And that doesn’t just go for student activists. In recent months, dozens of lawmakers and public officials have, without evidence, insinuated that U.S. news outlets provide material support for Hamas. Some even issued thinly veiled threats to prosecute news organizations over those bogus allegations.
Their letters were political stunts. Prosecutors would never have been able to carry their burden of proof under anti-terrorism laws, and all the pandering politicians who signed the letters knew that. But next time might be different, especially if nonprofit news outlets, such as The Intercept, manage to offend the government.
That’s because a bill that passed the House with broad bipartisan support in April — after which a companion bill was immediately introduced in the Senate — would empower the secretary of the Treasury to revoke the nonprofit status of any organization deemed “terrorist supporting.” This week, the bill’s Senate sponsor, Sen. John Cornyn, R-Texas, introduced it as an amendment to must-pass legislation to renew the Federal Aviation Administration’s authorities. While it didn’t make the cut (the Senate didn’t vote on any of the dozens of proposed amendments), it’s likely to make its way to the Senate floor in another form soon.
Funding terrorism is already illegal, but the new bill would let the government avoid the red tape required for criminal prosecutions or official terrorist designations.
You might think actionable support of terrorism is limited to intentional, direct contributions to terror groups. You’d be mistaken. Existing laws on material support for terrorism have long been criticized for their overbreadth and potential for abuse, not only against free speech but also against humanitarian aid providers. A recent letter from 135 rights organizations opposing the bill highlighted efforts to revoke the tax-exempt status of, or otherwise retaliate against, pro-Palestine student groups.
There’s No Reason to believe the press is exempt from overreach. In their recent letters, elected officials called for terrorism investigations of the New York Times, Reuters, CNN, and the Associated Press, relying on allegations that those outlets bought photographs from Palestinian freelancers who covered Hamas’s October 7 attacks.
The feigned outrage originated with a spurious accusation, from an organization ironically calling itself HonestReporting, that those pictures evidenced that the photographers who took them had advance knowledge of the massacre. Otherwise how (other than, say, TV or the internet) would they have known where to go?
HonestReporting then reasoned that the news outlets that bought the pictures may have been in on it as well — because, of course, when an international news giant buys a picture from someone on its vast roster of freelancers, it’s reasonable to impute the freelancer’s alleged sins all the way up the chain.
HonestReporting eventually walked back that convoluted theory, admitting it had no evidence and was merely asking questions. After forcing the news outlets to publicly deny having ties to Hamas, HonestReporting said it believed them.
But that didn’t stop U.S. officials from surmising that the fact some Palestinian freelancers in Gaza had contacts with Hamas officials — which should not be surprising, given that Hamas is the governing authority in the besieged enclave — made anyone who hired them terrorism financiers.
And it gets even worse. One of the letters — signed by over a dozen state attorneys general — floated the theory that the outlets’ reporting could itself evidence support for Hamas. As the U.S. Press Freedom Tracker (another nonprofit news site, operated by Freedom of the Press Foundation, where I work) put it:
The letter also highlighted that “material support” for terrorist groups — both a federal and state crime — can include “writing and distributing publications supporting the organization.” It did not elaborate on what would be considered support, potentially chilling any reporting that does not unequivocally condemn Hamas or unilaterally support Israel.
The attorneys general then warned the outlets that they would “continue to follow your reporting to ensure that your organizations do not violate any federal or State laws by giving material support to terrorists abroad.” The writers continued: “Now your organizations are on notice. Follow the law.”
Many of those same attorneys general recently argued that “First Amendment speech and associational freedoms do not protect persons who provide material support” to terrorism. They failed to mention the Supreme Court’s skepticism that “applications of the material-support statute to speech or advocacy will survive First Amendment scrutiny … even if the Government were to show that such speech benefits foreign terrorist organizations.”
Members Of Congress have set their eyes on news outlets as well. Sen. Tom Cotton, R-Ark., parroted HonestReporting’s disinformation in multiple letters, while 15 congressional representatives demanded that the news outlets provide information — potentially including source identities and communications — regarding the freelancers, threatening to issue subpoenas.
If there is any doubt about the nonprofit bill’s backers’ intentions, consider that five of its House sponsors also signed onto a letter to the Internal Revenue Service asking how it defines antisemitism and insinuating that the IRS should deny tax-exempt status to nonprofits that “promote conduct that is counter to public policy,” even if they’re not accused of supporting terrorism at all.
Nonprofit news outlets are already struggling even without government harassment, but revocation of their tax-exempt status would be a death knell for outlets doing the kind of in-depth investigative journalism that is hardly ever profitable these days. The mere prospect would chill reporting, not only on Israel but also on U.S. foreign policy generally. And that’s not to mention the threat to nonprofit press freedom organizations that journalists depend on to protect their rights (including to not get killed in Gaza).
Unfortunately, this is just the latest piece of reckless, unnecessary “national security” legislation that puts the press at risk. Last month, President Joe Biden ignored civil liberties advocates and signed into law a bill that would allow intelligence agencies to enlist any “service provider” to help the U.S. spy on foreigners.
As Sen. Ron Wyden, D-Ore., explained, the law could “forc[e] an employee to insert a USB thumb drive into a server at an office they clean or guard at night.” And that office could easily be a newsroom, where journalists often talk to foreigners whose communications might interest U.S. intelligence agencies.
Is the government going to immediately start conscripting reporters to surveil their sources, or shutting down nonprofit news outlets that stray from the Israeli military’s narrative? Probably not. But history teaches that once officials are given the power to retaliate against journalists they don’t like, they inevitably will. The prospect of the Espionage Act and Computer Fraud and Abuse Act being weaponized against journalism was also once merely hypothetical — until it wasn’t.
And let’s not forget that the presumptive Republican presidential nominee publicly fantasizes about jailing and otherwise retaliating against journalists.
Those who claim a second Donald Trump term would mark the end of democracy need to stop passing overbroad and unnecessary new laws handing him, and future authoritarians, brand new ways to harass and silence journalists who don’t toe the line.
#Criticizing | Illegal Regime of Zionist Terrorist | Isra-hell#Nonprofit#Media#Lose#Tax-Examption#Status#New Anti-Terrorism Bill#Government | To Take Away | Vital | Tax Exemptions#“Scrotums Licker of the Illegal Regime of The Terrorist Zionist 🐖 🐷 🐖 🐗: Sen. John Cornyn R-Texas”
0 notes
Text
Difference Between Old Tax Regime and New Tax Regime | Which is Better for Salaried Person
In this article we will discuss the Difference Between the Old Tax Regime and the New Tax Regime | Which is Better old or new for a Salaried Person
Difference Between the Old Tax Regime and New Tax Regime
The Indian income tax system imposes a tax on individual taxpayers based on their level of income. Starting in 2020-21, there was a change in the mechanism of imposing taxes.
An updated tax…
View On WordPress
#New Tax Regime Vs. Old Tax Regime#Old and New Tax Regime#Old or new Tax Regime for Salaried Person#Which is better Old or New Tax Regime
0 notes
Text
the university which administers the Pulitzer prizes is not allowing press on campus, to make sure nobody on-site can document what is happening.
the nypd threatened student journalists qnd their dean with arrest if they leave a building named after Joseph Pulitzer.
at this point it isn't even worth remarking on the sheer horror, the baffling irony of it all.
entire new york roads have been closed to traffic so that nobody can prevent the world's largest police force's brutalization of students protesting THEIR tution fres and tax dollars contributing to killing kids.
all of this to... keep investing in an apartheid regime.
Columbia University would rather risk their students getting murdered than divest from genocide...
#may we see the us fall in our lifetimes#palestine#gaza#free palestine#free gaza#gaza genocide#gaza strip#genocide#usa#yemen#iran#current events#current news#columbia university#from the river to the sea palestine will be free
9K notes
·
View notes
Text
0 notes
Text
Will the New Tax Regime supersede the old one in 2023?
1 note
·
View note
Text
Benefit in Old And New Tax Regime Rates For F.Y. 2023-2024 AY 2024-2025.
Finance Minister Nirmala Sitharaman tweaked the New Income Tax regime slabs recently and many taxpayers seem confused about the benefits of the old and new tax regime ay 2024-2025. Below is a detailed analysis of both regimes’ benefits. For more information visit the website.
0 notes
Text
Understanding India's New Tax Regime: Benefits for Earners Above Rs 15 Lakhs
In the past few years, India’s tax laws have changed a lot. These changes were made to make the system easier to understand and to offer lower tax rates and fewer exemptions.
According to Nitin Gupta, head of the Central Board of Direct Taxes, the new tax regime, which is now the default option, is expected to provide numerous benefits to individuals earning more than Rs 15 lakhs.
In this…
View On WordPress
#Benefits for Earners Above Rs 15 Lakhs#Choosing the Right Tax Option#Comprehensive Understanding of Financial Situation#Effective Tax Rate#Expert Advice for Optimal Tax Decisions#Family Pension Income#India&039;s New Tax Regime#Informed Tax Decisions#Minimize Tax Bill#Optimize Tax Savings#Reduced Surcharge for High Earners#Significant Changes in India&039;s Tax Laws#Specific Income Level#Standard Deduction#Tax Bill#Tax Exemptions#Tax Expert#Tax Rates#Tax Rebates#Tax Savings for Salaried Taxpayers#Tax Situation
0 notes
Text
Palestine فلسطين
x / x / x | x / x / x | x / x / x
My goal with making this post is to use my platform to raise awareness and encourage solidarity and action for the people of Palestine. Over the past few weeks, I have felt powerless to watch the destruction of Gaza before the world's eyes. However, I realized that I still have a large platform despite this blog's inactivity. With this, I would like to share information about Palestine and what you can do to help.
In the above post, I have sought out videos of Palestinian food, culture, art, architecture, and nature to share. Israeli propaganda is trying adamantly to dehumanize the population of Palestine in order to further justify their genocide. Regardless, no matter where you are in the world, humans recognize and understand what it is to be human. What it is to make art, to share food with your loved ones, to travel, and laugh, and sing. To experience heartbreak and hardship, and to experience joy. To dream about the future. To stand up for what we believe in, to fight in the face of injustice.
If you are an American citizen, use your voice to stand up for what's right. Contact your representatives. Demand a ceasefire in Gaza. Boycott companies and celebrities who voice their support of the Israeli settler state. Protest. Donate. Organize. Fight. We are strongest when in community with each other. Our US tax dollars directly fund the murder of Gazan civilians. Make it known that we will not stand idly by while news outlets and propagandists lie to our faces about the atrocities enacted by the IDF and the Knesset.
Here are some links for information on Palestine, as well as places to donate:
decolonizepalestine - A website aiming to educate and dispel myths about the Palestinian people, ran by two Ramallah residents.
US Campaign for Palestinian Rights - You can use this website to find groups organizing near you.
Palestine Action US - The US branch of a directive aiming to dismantle the Israeli military regime, directly funded by the US.
Hirbawi Kufiya - The last and only Kufiya factory in Palestine, as featured in the gif above. You can pre-order a kufiya which will be shipped once the blockade has been lifted.
Let Gaza Live: Ceasefire NOW - An easy way to send letters to your representatives to demand ceasefire in Gaza.
The Palestinians: From Peasants to Revolutionaries by Rosemary Sayigh - A good introduction to the ongoing Israeli occupation of Palestine.
Click to Help - One click a day can help raise donations for the UNRWA.
baitulmaal - Donate to fund relief.
anera - Donate to provide hygiene kits for displaced Gazans.
As of October 27th, 2023, Gazans are losing access to the internet. It is imperative for us to share their stories, to continue to remain active and aware of their martyrdom. The IDF will utilize this information blackout to their advantage. We must do all we can. Do not forget the plight of the Palestinian people. Do not allow their voices to go unheard.
From the river to the sea, Palestine will be free. 🇵🇸
3K notes
·
View notes
Last Seen Blogs
