Rebranding old wine in a new bottle.....No relief for salaried service class since 2014 even though inflation has risen by leaps and bounds since then. In effect by not changing the tax slabs in old regime, we have been losing more money than gaining if we calculate inflation adjusted income. New regime beneficial only for those earning below 15L. Although will have to calculate new regime tax after today's budget, I still feel for those earning upwards of 20L, old regime will still be beneficial if you are claiming various investment exemptions. Tax rates should be made inflation adjusted.
574. sahab| Link| Bookmark|
February 1, 2023 2:08:29 PM
IPO Guru (1000+ Posts, 500+ Likes)
chori karo pakde na jaye jab pakde jate hai to ye haal hota hai 30% down
@nand Kishore mast bola.... Btw call them pseudo nationalist ..... Many of the pseudo nationalist who have earned during the adani bull run should come forward and buy in bulk ๐ ๐
569.3. svh| Link| Bookmark|
February 1, 2023 2:00:08 PM
IPO Guru (2400+ Posts, 3600+ Likes)
@ NKP & Takamichi :) Yes pseudo is the right word. They were the main gang to misguide everybody.
it is sad to see an 5 year old company come with an report with few accusations and destroy an 35 year old companies reputation in just one week, tanking shares 30%+
568.1. PeterEngland| Link| Bookmark|
February 1, 2023 1:39:58 PM
Top Contributor (200+ Posts, 100+ Likes)
you're being very selective with the points causing you this sadness, you seems to be very happy with crony capitalism and monopoly of one company using political influence.
Do you know how many foreign companies not opening shop in India due to your 35 years old company?
At last, common people suffers due to all this drama, LIC and SBI will recover their losses from the public but even that doesn't cause you any sadness.
But it's really sad if a billionaire's is kicked out of Top 10 richest list (According to you sir)
@gunnerz Itโll depend on the tax regime an individual opts for.
If old regime is opted for the tax slabs applicable will be - The new tax rates are 0 to Rs 3 lakhs - nil, Rs 3 to 6 lakhs - 5%, Rs 6 to 9 Lakhs - 10%, Rs 9 to 12 Lakhs - 15%, Rs 12 to 15 Lakhs - 20% and above 15 Lakhs - 30%
If new regime is opted for, tax slabs of 0 tax upto 7 lacs will be applicable.
Its the Tax slab for New Tax Regime Income Upto 7 Lac : No tax in New Regime Income Above 7 lac. Tax slab will be applicable in new regime i.e 0 to Rs 3 lakhs - nil, Rs 3 to 6 lakhs - 5%, Rs 6 to 9 Lakhs - 10%, Rs 9 to 12 Lakhs - 15%, Rs 12 to 15 Lakhs - 20% and above 15 Lakhs - 30%
I think itโs the language that is confusingโฆ revised tax slabs as per the new tax regime wherein basic exemption limit has been increased from 2.5 lacs to 3 lacs. Secondly, tax rebate under section 87A has been increased from 5 lacs to 7 lacs, effectively making income upto 7 lacs tax free.
I think we have to wait till details of tax rebate gets out. In my understanding, if not becomes wrong latter: Upto Rs. 7 lakhs, no tax is possible as follows: Upto 3 lakhs = No tax Standard Deduction (Previously 50 K) + NPS Tier-I (Previously 50 K) + 80C (Previously 1.5 Lakh) + Medical Expenses ( Previously 25 K) = Total makes rest 4 lakhs.
567.8. Sharvam| Link| Bookmark|
February 1, 2023 1:42:05 PM
IPO Guru (1000+ Posts, 700+ Likes)
Mere bhai tax rebate under 80 C nikal dia hai... Ek hath se do dusre hath se lo... ๐๐
@Sharvam Merry bhai tax rebate under 80C niksla nshi hai. There are two Tax Regime, one old and other New. If you select old, you can claim 80C, and other deductions. But if you select new Regime no need to bother to save money or to remember other deduction. Straight forward 7 lakhs, no tax, from next financial year. One must take every pros and cons of Income and deductions. So be happy, 80C is also there.
560. arunARUN| Link| Bookmark|
February 1, 2023 1:01:06 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Adani enterprise at LC. Pain still there Logically now FPO should open Rs 350 lower even accounting for partly paid nature Please square off GMP looking at personal profit and loss position
560.1. UjwalG| Link| Bookmark|
February 1, 2023 1:17:40 PM
IPO Guru (1000+ Posts, 500+ Likes)
1400 rs loss on 1 lot. Hmm. Hni >10lk would come in difficulty if price not recovered. I think every hni is alloted whatever amount they bid since all retail quota will go to them. I might be wrong on above point
560.2. arunARUN| Link| Bookmark|
February 1, 2023 1:20:08 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Not full amount. Retail and sHNI shortfall will be distributed to QIB, bHNI in ratio of 2:1 as bucket size is 4000 and 2000 respectively
559. arunARUN| Link| Bookmark|
February 1, 2023 1:18:00 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Adani enterprises at 15% LC at 2528. Which means FPO share logically must open Rs 450 less than issue price if this is Adani price on listing day of fully paid shares
Tycoons Sajjan Jindal and Sunil Mittal subscribed to the follow-on offering in a last-minute push that helped Adaniโs flagship firm complete the sale on Tuesday, said the people, who asked not to be identified as the information is not public.
The investments come from their personal funds and do not involve listed businesses that they helm like JSW Steel Ltd. and Bharti Airtel Ltd., the people said. Jindal has invested about $30 million, according to one of the people familiar. Itโs unclear how much Mittal bought in.