SMC Global Securities Limited

💸 Tax season has arrived but most of the salaried individuals are still confused on how to save their taxes..? But you don't have to be. From standard deduction to HRA, here are the key deductions & exemptions under both Old & New Tax Regimes, to help you make informed https://t.co/Bj2LcsQ1xA

8️⃣Section 206AB & 206CCA Omitted Earlier, these forced deductors to check if the payee filed ITRs. If not — deduct higher TDS/TCS. This led to: Delays Blocking of working capital Compliance headaches Now from April 2025 — both sections scrapped! Simplified process. Less

Some businesses don’t just compete but they own the market. From aircrafts to adhesives, they’ve built real-life monopolies. Here are some of the top monopoly stocks you should know about! [stock, stockmarket, business, monopoly, sector, industry, build, invest, finance, smc] https://t.co/uOn7U2bC5f

9️⃣ULIP Proceeds Now Taxable (If Premiums Are High) Earlier: ULIP maturity was tax-free Now: TAXABLE as capital gains if: Premium > ₹2.5L annually OR exceeds 10% of sum assured Plan your policies wisely. Don’t fall for the “tax-free” tag blindly anymore!

4️⃣TCS (Tax Collected at Source) Thresholds Changed From April 2025, the following changes apply: Sec 206C(1G) (LRS & Foreign Tours): Threshold raised to ₹10L (from ₹7L) 206C(1G) for Education Loan Remittance: Earlier: ₹7L Now: No TCS applicable 206C(1H) for Goods Purchase:

6️⃣IFSC Benefits Extended Great news for NRIs and IFSC-based investors: Tax benefits for IFSC extended till 31 March 2030 Life Insurance premiums from IFSC offices (for NRIs) fully exempt under Sec 10(10D) No upper limit on premium

🔟Bonus: Deemed Let-Out Property Rules Relaxed Earlier: 2nd home = assumed rental income unless justified by job transfer, etc. Now: You can declare 2 houses as self-occupied NIL annual value No conditions needed! Massive relief for families with multiple homes.

The 2025 Budget brought in major changes. Most are pro-saver, pro-startup, pro-investor. But only if you know and act on them. Don’t let ignorance cost you lakhs Plan early. File smart. Save more Found this helpful? Retweet the first tweet to help your friends save taxes too.

5️⃣Updated Return (ITR-U) Time Limit Extended You now get 4 years to file a revised return and disclose missed income. But there’s a cost: Within 12 months: +25% extra tax 24 months: +50% 36 months: +60% 48 months: +70% Longer you wait, higher the penalty. So act fast.