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📊Union Budget Insights: A Middle-Class PerspectiveThe recent budget announcement by our Finance Minister has stirred mixed emotions among the middle classHere's a quick breakdown of how you can benefit:💰 Standard Deduction: Increased from ₹50,000 to ₹75,000 in the new regime, saving ₹7,500 annually for those earning ₹10 lakhs or more.📈 Tax Slab Changes:↳5% rate: Now applies from ₹3 lakh to ₹7 lakh (up from ₹6 lakh).↳10% rate: Starts at ₹10 lakh (previously ₹9 lakh).↳Additional savings of ₹10,000 for incomes of ₹10 lakh or more.👉Old Regime: No changes or benefits.💼 Investment Impact:↳LTCG Tax: Increased from 10% to 12.5%.↳STCG Tax: Increased from 15% to 20%.↳Exemption Limit: Raised from ₹1 lakh to ₹1.25 lakh.👉STT: On options up from 0.0625% to 0.1%, on futures from 0.0125% to 0.02%.📉 Employer Contributions: Deduction increased from 10% to 14% for NPS, making it more attractive.📦 Import Duty Reductions:↳Gold & Silver: Duties cut from 15% to 6%, boosting demand.↳Custom Duty on iPhones: Reduced from 20% to 15%, it may lower the iPhone 15 Pro (128 GB) price to approximately ₹1,29,000.🔍 Conclusion: This balanced budget offers long-term benefits for the middle class. What's your take on this year's budget?Share your thoughts with us below!__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024 #unionbudget #middleclass

💰The Finance Minister's Budget 2024 introduced several significant changes impacting various sectors:1️⃣Hike in STT for F&O Transactions: The Securities Transaction Tax on futures and options has been increased by 0.02% and 0.01% respectively, causing Sensex and Nifty to fluctuate a bit.2️⃣Capital Gains Exemption: The exemption limit on certain financial assets has been raised to ₹1.25 lakh per year, benefiting the middle and upper-middle-class income groups.3️⃣Increase in Capital Gains Tax: Long-Term Capital Gains tax has increased from 10% to 12.5%, and Short-Term Capital Gains tax from 15% to 20%.4️⃣Infrastructure Spending: The government has maintained infrastructure spending at 3.4% of GDP, amounting to ₹11.1 lakh crore.5️⃣Abolishment of Angel Tax: The angel tax for all classes of investors in startups has been abolished to boost the startup ecosystem.6️⃣Reduction in Custom Duty for Precious Metals: Basic customs duty on gold and silver has been reduced to 6%, and on platinum to 6.4%.__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024 #unionbudget

📉📈 With the Budget Day just around the corner, market participants are on the edge, wondering if the indices will climb or plungeHistorical data offers some fascinating insights: since 2004, benchmark indices like Sensex and Nifty 50 often fall on the Budget Day in July but tend to rally strongly for the rest of the yearNotably, years like 2009 and 2014 saw significant Budget Day drops, only to witness robust post-budget recoveriesDifferent sectors also react uniquely to budget announcements, with indices like BSE FMCG showing resilience while others like BSE Metal experience declinesDespite initial dips, the overall yearly performance usually reflects strong gains, underscoring investor confidence in long-term economic policiesGet the full scoop and prepare yourself for the upcoming market moves! 📊👇 Dive into the details of how to go about saving & investing wisely after this budget!__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segmentInsurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024

Variety is the spice of a robust portfolio! Proudly diversify with SMC and watch your investments bloom. #SMC #SMCGlobal #MoneywiseBeWise #Investment #Trading #DalalStreet #MutualFund #MarketVolatility #Sensex #Nifty50 #NSE #BSE #InvestingWisdom #Diversification #PrideDay #DiversificationWins #SMC #SMCGlobal #MoneywiseBeWise #Investment #Trading #DalalStreet #MutualFund #MarketVolatility #Sensex #Nifty50 #NSE #BSE #InvestingWisdom #Diversification #PrideDay #DiversificationWins

Don't miss out on the Allied Blenders and Distillers IPO! Check out our detailed analysis covering subscription, allotment, listing details, and more. 📅 Open from June 25 to June 27, 2024. Watch now to make an informed decision! 📈 #Smc #Smcgroup #IPOALERT #IPO #AlliedBlenders #StockMarket #Investing #Finance #MarketTrends #InvestmentAnalysis #Smc #Smcgroup #IPOALERT #IPO #AlliedBlenders #StockMarket #Investing #Finance #MarketTrends #InvestmentAnalysis

Breaking News! The Sensex has soared to an all-time high, wiping out the losses from the June 4 market crash. Powered by robust economic data, strong foreign inflows, and positive global market trends, this rally is a testament to the resilience and optimism of the market! 🌊📊 . . . . . . . . . . . . . . . . . . . #SMC #Smcgroup #Sensex #MarketHigh #StockMarket #Investing #Finance #BullRun #EconomicGrowth #InvestSmart #Nifty50 #DalalStreet #MarketRally #SMC #Smcgroup #Sensex #MarketHigh #StockMarket #Investing #Finance #BullRun #EconomicGrowth #InvestSmart #Nifty50 #DalalStreet #MarketRally

IPO Alert : Indegene Limited Fresh Issue : 16,814,159 shares Offer for Sale : 1,081 Cr Watch the full video and decide if you want to get hands on Indegene IPO! Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore

Dive into the future with Nifty Next 50: Explore the world of options and futures trading like never before! ✨ Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #nift50 #niftynext50 #option #future #optiontrading #trading #investment #investing #globalmarket #NSE #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #nift50 #niftynext50 #option #future #optiontrading #trading #investing #globalmarket #NSE

Vodafone is out with their biggest FPO. It will be open from 18th April to 22nd April. Price Band Rs. 10-11 Watch the full video for further details. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore