{"id":4265,"date":"2020-02-10T02:02:36","date_gmt":"2020-02-10T02:02:36","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=4265"},"modified":"2021-12-15T11:06:37","modified_gmt":"2021-12-15T11:06:37","slug":"budget-2020-simplified-for-personal-finance","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/budget-2020-simplified-for-personal-finance\/","title":{"rendered":"Budget 2020 simplified for personal finance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69eb6d749cb35\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69eb6d749cb35\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/budget-2020-simplified-for-personal-finance\/#Budget_2020_measures_that_affect_personal_finance_and_nothing_else\" title=\"Budget 2020 measures that affect personal finance and nothing else.\">Budget 2020 measures that affect personal finance and nothing else.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/budget-2020-simplified-for-personal-finance\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Budget_2020_measures_that_affect_personal_finance_and_nothing_else\"><\/span><strong>Budget 2020<\/strong> measures that affect personal finance and nothing else.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>1\/ Tax rates &#8211; most taxpayers are not better off in the new regime proposed in Budget 2020. Want proof &#8211; here is a <a href=\"https:\/\/kuvera.in\/explore\/tax-slab-2020\" target=\"_blank\" rel=\"noopener noreferrer\">calculator<\/a> that will tell you which regime is better for you. Why introduce the slabs then? Well seems like the FM didn&#8217;t want to pull the bandaid of deductions in one go. This story is going to play out for some time.<\/p>\n<p>&nbsp;<\/p>\n<p>2\/ Dividend distribution tax &#8211; FM message is clear, they don&#8217;t want profits returned to shareholders either via share buyback or dividends. They want companies to reinvest for growth as CAPEX. If you are a taxpayer and are investing in a dividend scheme all the more reason to stop that and shift to a growth scheme and do an SWP for the expenses.<\/p>\n<p>&nbsp;<\/p>\n<p>3\/ 10% tax collected at source for Mutual Fund income &#8211; only applies to dividends and not capital gains. Nothing to worry here.<\/p>\n<p>&nbsp;<\/p>\n<p>4\/ Sectors that benefit &#8211; we do not speculate, though infra rallies after every budget and then &#8230;.\u00a0 \u00a0So, before you invest in infra are you sure this time is going to be different?<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-4275\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/02\/Capture-2.png\" alt=\"\" width=\"785\" height=\"513\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/02\/Capture-2.png 785w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/02\/Capture-2-300x196.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/02\/Capture-2-768x502.png 768w\" sizes=\"(max-width: 785px) 100vw, 785px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>5\/ LTCG taxes &#8211; 10% long term capital gains tax stays and you still have a Rs 1 lakh annual exemption you should use. Harvest up to Rs 1 lakh capital gains every financial year to get the maximum benefit. Learn <a href=\"https:\/\/kuvera.in\/blog\/save-up-to-%e2%82%b910000-in-ltcg-taxes-with-tax-harvesting\/\">more.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>That&#8217;s it, let us all get back to productive work now. The focus of the budget was CAPEX cycle and not consumption &#8211; thus not many measures affecting personal taxes and finance.<\/p>\n<p>&nbsp;<\/p>\n<p>Also, when we say simplified, we mean it \ud83d\ude42<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"KUVERA in Media\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmDSP3gSlDkPcUl-cfeI-KeB\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget 2020 measures that affect personal finance and nothing else. &nbsp; 1\/ Tax rates &#8211; most taxpayers are not better off in the new regime proposed in Budget 2020. Want proof &#8211; here is a calculator that will tell you which regime is better for you. Why introduce the slabs then? Well seems like the [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/budget-2020-simplified-for-personal-finance\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":4278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[315,312,313,135,314,311],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget 2020 simplified for personal finance - Kuvera<\/title>\n<meta name=\"description\" content=\"Only the things that affect you about taxes and personal finance from Budget 2020. 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