Long-term cap gains on all financial & non-financial instruments will attract 12.5% (before 10%)
STCG Increased to 20% (from 15%)
🔸Limit of long-term cap tax gains exemption hiked to Rs 1.25 lakh from Rs 1 lakh.
🔸Listed financial assets held for more than 1 year will be long term.
🔸Long-term capital gains tax increased to 12.5% from 10%
2 changes in the New Tax Regime
🔸Standard deduction to be increased from Rs 50,000 to Rs 75,000
🔸New Tax Slabs
Rs 0-3 lakhs : Nil
Rs 3-7 lakhs : 5%
Rs 7-10 lakhs : 10%
Rs 10-12 lakhs : 15%
Rs 12-15 lakhs : 20%
Above 15 lakhs : 30%
Security Transaction Tax on F&O increased to 0.02% from 0.01%
the customs duty on gold and silver will be reduced to 6%, while the duty on platinum will be lowered to 6.4%.
Thank you
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