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The capital gains tax structure has also undergone changes: Short-Term Capital Gains (STCG): The tax rate on short-term capital gains from shares, mutual funds, and real estate has been increased from 15% to 20%. [9] Long-Term Capital Gains (LTCG): The tax rate on long-term capital gains has been set at 12.5%. Additionally, the exemption limit ...
The implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime. For instance, an individual with an annual income of ₹9 lakh will only be required to pay ₹45,000, which amounts to a mere 5% of their income. This represents a 25% reduction from the current tax liability of ₹60,000.
Its successor, Microsoft Office 2024 was released on October 1, 2024. [7] Office 2021 retains the same major version number of 16 that previous versions of Office had. It introduces new dynamic arrays, XLOOKUP [8] features for Excel, full dark-mode support in Windows and performance improvements.
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Best Tax Software for Young Adults - Money Under 30
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