Union Budget 2024-25: Tax Revisions, LTCG & STCG Hikes And NPS Changes Explained | The Money sHow

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Published 2024-07-23
The Finance Minister has tabled the Union Budget for 2024-25 today, and a slew of changes have been announced. Under the New Tax Regime, tax slabs have been revised and the government has also hiked the limits of standard deductions to ₹75,000 from ₹50,000. Additionally, the government also raised both long-term (LTCG) and short-term capital gains (STCG) tax on financial instruments - LTCG tax has been hiked to 12.5% from the earlier 10% and STCG tax has seen an increase to 20% from 15%. On The Money -Budget Special today, we discuss the importance and impact of these changes on investors with Feroze Azeez, Tarun Garg and Anthony Heredia. We also discuss the impact of changes made to NPS contribution limits for employers in the private sector - the limit has been raised from 10% to 14%. Listen in to this insightful conversation to understand more about these new changes!

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