Budget 2024 Breakdown: Boon for Salaried, Bumpy Ride for Investors
Budget 2024 Breakdown: Boon for Salaried, Bumpy Ride for Investors
The 2024 Union
Budget brings mixed news for taxpayers. Here's a quick rundown:
Salaried
rejoice! Opting for the new tax regime offers
significant benefits.
Investing
gets trickier. Capital gains tax exemption on equity
investment increases, but long and short term capital gains tax see a
rise, impacting the stock market.
Tax
relief! Standard deduction jumps from Rs. 5 lakh to
Rs. 7.5 lakh in the New Regime.
Expert Talk: Dhiraj Relli of HDFC Securities believes the
budget caters to all sectors, though the capital gains tax hike may cause a
stir. He advises investors to:
Seek
clarity: Understand how the new tax structure applies
to different assets.
Get
professional help: Invest through SEBI registered advisors for
informed decisions.
Overall, a budget with sunshine and rain for different sections. Stay
informed and adapt your investment strategy accordingly!
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