12 लाख रुपये की Income तक कोई Tax नहीं | Dark Side of Union Budget 2025

At The Diffr Show, we had the privilege of hosting CA Pranesh Jain, a finance expert with deep insights into Union Budget 2024, taxation, startup financials, and personal wealth management. If you’ve ever struggled with income tax planning, GST confusion, or startup funding.In this engaging conversation, Pranesh Jain shares practical financial wisdom from breaking down India’s economic strategy to helping entrepreneurs avoid costly mistakes.

The Union Budget & What It Means for You

The budget is often seen as good or bad, but Our Expert challenges this perspective. He explains that the real question is: How does it impact the middle class and corporate sector?

• Tax Exemptions Increased to ₹12 Lakh: This change seems great for salaried taxpayers, but Pranesh explains how it’s a strategic move for GDP growth.
• Corporate Impact: The budget hasn’t met corporate expectations, leading to market fluctuations and investor concerns.
• India’s 5-Trillion Dollar Economy Vision: He reveals how income tax returns influence GDP calculations, a topic that mainstream discussions often miss.

Tax Myth Busted: Are You Really Paying 50-60% in Taxes?

A common belief is that salaried individuals lose 50-60% of their income to taxes, but Expert break this misconception with real calculations. While income tax, GST, and other deductions exist, they don’t apply to every rupee you earn. For example, those earning up to ₹7 lakh under the new tax regime pay zero income tax, and even higher earners pay much less than viral social media claims. Not all expenses attract GST, and strategic tax planning can further reduce liabilities. 

The reality? Your actual tax burden is much lower than you think understanding finances is the key to keeping more of your money!

Financial Literacy: The Key to Wealth & Security

One of the biggest takeaways from this episode is the ROLESIS Financial Literacy Model, developed by an expert himself.

The Core Principles of Financial Independence

• Financial Security – Having enough funds for emergencies
• Financial Independence – The ability to enjoy life without financial stress.
• Risk & Opportunity – Making smart financial choices.

This unique model applies to entrepreneurs, salaried professionals, and business owners, helping them make better financial decisions at every stage of life.