- *Capital Gains Exemption* - Limit proposed at Rs 1.25 lakh per year.
- *STT on F&O* - Increased to 0.02% and 0.1%.
- *Corporate Tax* - Reduced to 25% for foreign companies.
- *LTCG Limit* - Increased from 10% to 12.5%.
- *Short-Term Gains* - 20% tax on certain financial assets; others at applicable rates.
- *Long-Term Capital Gains* - Set at 12.5%.
- *Listed Financial Assets* - Held for more than a year classified as long term.
- *TDS on E-commerce* - Reduced to 0.1% from 1%.
- *Tax on Certain Assets* - 20%; others at applicable rates.
- *Unlisted Bonds and Debentures* - Attract CGT irrespective of holding period, as per applicable rates.
- *Angel Tax* - Abolished for all classes of investors.
- *MNC Professionals with ESOPs* - Investments in movable assets abroad up to Rs 20 lakh decriminalized/non-penalized.
- *New Tax Regime* -
- Standard deduction increased to Rs 75,000 from Rs 50,000.
- Family pension deduction enhanced to Rs 25,000.
- Salaried employees to save Rs 17,500 in income tax.
*New Tax Regime Structure*
- *0-3L* - 0%
- *3-7L* - 5%
- *7-10L* - 10%
- *10-12L* - 15%
- *12-15L* - 20%
- *Over 15L* - 30%
- *STT on F&O* - Increased to 0.02% and 0.1%.
- *Corporate Tax* - Reduced to 25% for foreign companies.
- *LTCG Limit* - Increased from 10% to 12.5%.
- *Short-Term Gains* - 20% tax on certain financial assets; others at applicable rates.
- *Long-Term Capital Gains* - Set at 12.5%.
- *Listed Financial Assets* - Held for more than a year classified as long term.
- *TDS on E-commerce* - Reduced to 0.1% from 1%.
- *Tax on Certain Assets* - 20%; others at applicable rates.
- *Unlisted Bonds and Debentures* - Attract CGT irrespective of holding period, as per applicable rates.
- *Angel Tax* - Abolished for all classes of investors.
- *MNC Professionals with ESOPs* - Investments in movable assets abroad up to Rs 20 lakh decriminalized/non-penalized.
- *New Tax Regime* -
- Standard deduction increased to Rs 75,000 from Rs 50,000.
- Family pension deduction enhanced to Rs 25,000.
- Salaried employees to save Rs 17,500 in income tax.
*New Tax Regime Structure*
- *0-3L* - 0%
- *3-7L* - 5%
- *7-10L* - 10%
- *10-12L* - 15%
- *12-15L* - 20%
- *Over 15L* - 30%
