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🚨🇮🇳🚨: 1/ India lost out on Rs 6,000 Cr of tax by driving crypto investors to foreign platforms
1/ India lost out on Rs 6,000 Cr of tax by driving crypto investors to foreign platforms according to @esyacentre's recent report. In the next 5 years, the government could lose an additional Rs 17,700 Cr in tax revenue. 🇮🇳🇮🇳 #IndiaCryptoDreams #IndiaCrypto #IndiaBudget #BinanceAlphaAlert #GrayscaleHorizenTrust $BNB
$XRP
$XRP
🇮🇳 India Budget 2025: Key Announcements
🚀 Major Income Tax Updates:
1️⃣ New Income Tax Bill 📜 – To be introduced next week.
2️⃣ TDS on Rent 🏠 – Revised (Details awaited).
3️⃣ TCS Limit on LRS 💸 – Increased to ₹10L.
4️⃣ Middle-Class Relief 🎉 – No tax up to ₹12L (Crypto not included).
5️⃣ Income Tax Slabs Revised 📊 – Check the new slabs below!
🔥 New Income Tax Slabs (Budget 2025):
₹0 - ₹4L ➡ NIL ❌
₹4L - ₹8L ➡ 5% 🟢
₹8L - ₹10L ➡ 10% 🔵
₹10L - ₹12L ➡ 15% 🟡
₹12L - ₹16L ➡ 20% 🟠
₹16L - ₹20L ➡ 25% 🔴
Above ₹20L ➡ 30% 🚀
💰 Huge Relief for the Middle Class!
📈 Boost to Spending & Economy! But
⛔ For Crypto Traders:
🔴 30% flat tax stays 📉
🔴 1% TDS on every trade ⚠️
🔴 No loss offset ❌
🔴 Zero changes 😞
💬 What are your thoughts on this?
🚀 Major Income Tax Updates:
1️⃣ New Income Tax Bill 📜 – To be introduced next week.
2️⃣ TDS on Rent 🏠 – Revised (Details awaited).
3️⃣ TCS Limit on LRS 💸 – Increased to ₹10L.
4️⃣ Middle-Class Relief 🎉 – No tax up to ₹12L (Crypto not included).
5️⃣ Income Tax Slabs Revised 📊 – Check the new slabs below!
🔥 New Income Tax Slabs (Budget 2025):
₹0 - ₹4L ➡ NIL ❌
₹4L - ₹8L ➡ 5% 🟢
₹8L - ₹10L ➡ 10% 🔵
₹10L - ₹12L ➡ 15% 🟡
₹12L - ₹16L ➡ 20% 🟠
₹16L - ₹20L ➡ 25% 🔴
Above ₹20L ➡ 30% 🚀
💰 Huge Relief for the Middle Class!
📈 Boost to Spending & Economy! But
⛔ For Crypto Traders:
🔴 30% flat tax stays 📉
🔴 1% TDS on every trade ⚠️
🔴 No loss offset ❌
🔴 Zero changes 😞
💬 What are your thoughts on this?
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