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The government implemented the new tax regime with the expectation that the changes in tax brackets would occur in a gradual rather than sudden manner. [3] Despite the simplified mechanism and reduced tax burden of the New Tax Regime, taxpayers were still choosing to opt for the old regime and took advantage of tax deductions.
In the budget 2025, tabled by the Finance Minister on 01.02.2025, the FM affirmed and said that the new direct tax code will be presented in the coming weak replacing Income Tax Act, 1961. [24] The union cabinet on 07.02.2025 cleared the new Income Tax Bill to replace the old Income Tax Act, 1961. [25]
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 electric toothbrush market is pretty saturated, so we took a look into the wide array of options on offer from brands like Oral-B, Phillips Sonicare, Quip, and more, and narrowed down to a few ...
A few months later Optiva Corporation changed its name to Philips Oral Healthcare, Inc. By the end of 2001, Sonicare had become the number-one selling rechargeable power toothbrush in the United States. [11] In 2003, to improve Philips brand recognition in the US, Philips rebranded the Sonicare toothbrush as "Philips Sonicare".
Under the new policy it is 36% with out a tax free limit. The old system presumes 7.6% gains for investments & 4% gains on banksaldo intrest, taxed 36% Taxation in the Netherlands New Zealand: 28% 10.5% [173] 39% [174] 15% Taxation in New Zealand New Caledonia [175] 30% 0% 40% 25% (on local income of non-residents) [176] — Taxation in New ...