After the presentation of Budget 2024, Income Tax has become a topic of discussion. New ways to save income tax are going viral. Someone is telling ways to save tax by increasing investment, while someone is advising to save income tax through loan and other means. Meanwhile, a different way of saving tax is going viral on social media. A person is telling a way to save 100% tax by growing grass and selling it.
In the viral video, this person is telling how salaried employees will not have to pay even a single rupee of tax. In this video, he has given information about three easy processes and said that if you follow them, you will not have to pay any tax. Even the Income Tax Department will not demand tax from you. This video has been posted after presenting the Union Budget 2024.
This video regarding income tax saving is becoming so viral that everyone from common users to CAs are sharing it. People are laughing a lot after watching this video and are also reacting in the same way. Karnataka’s content creator Srinidhi Hande has posted this video.
How to save 100% tax?
Hande says in the video that I will tell you how you can save 100 percent tax. Referring to 3 steps, Hande says that first of all grow grass. After this tell your HR that they do not want any salary. Then ask your employer to buy that grass at a price equal to your salary. After this you can save 100 percent tax. According to him, this is a very simple and legal process.
‘Grow grass… no tension about TDS investment’
Hande says that there is no tax on income from agricultural produce. With this the tax liability of the person becomes zero. In this way you do not have to pay any tax and 100 percent tax is saved. You do not need to worry about TDS and investing. Some users are saying that there is something wrong with this while some are saying that the government will interfere in this too. Many users are reacting to this in a funny manner.
Budget to benefit middle class: Finance Minister
Union Finance Minister Nirmala Sitharaman said that the changes in tax slabs in her budget have been made to benefit the middle class, which includes increasing the standard deduction from Rs 50,000 to Rs 75,000. The government aims to provide financial relief to the middle class and ensure that high income people can also avail tax deduction on income up to Rs 7 lakh.