Assuming your salary is more than 5 lacs, this budget will be overall favorable until you make a capital gain around 8 lacs of Rupees. Around 8 lacs, the short term 5% increase in capital gain tax will offset the Rs 44,000 you will save in tax (assuming you are a male and a non-senior citizen). But hang on- if I have made Rs. 8 lacs short term capital gain- I perhaps won't mind paying extra 5% extra tax. Overall, this looks like a good budget!
This will take every ounce of my mental strength! All for a tiny ad:
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