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The Finance Minister’s announcement, exempting taxpayers with salaries up to Rs 12 lakh from paying tax, sparked a wave of memes suggesting how those earning more may no longer celebrate salary hikes.
Under the new tax regime, those earning up to Rs 12 lakh annually will be completely tax-free.
Finance Minister Nirmala Sitharaman on Saturday announced that taxpayers with salaries up to Rs 12 lakh would no longer have to pay tax. As soon as she made this announcement, the internet went wild with excitement. A wave of memes followed, poking fun at how people with salaries over Rs 12 lakh might no longer be thrilled about pay hikes.
One meme had a sarcastic take on how people may now intentionally adjust their salaries to Rs 11.9 lakh per annum, hinting that many would find creative ways to stay under the tax-free limit.
Another meme played on the excitement and subsequent disappointment regarding the new tax rules. It had two images of the same man, one smiling and the other disappointed. The meme highlighted the irony that while people are happy about staying under the Rs 12-lakh mark, a raise would mean they would be subject to taxes.
One other meme used a photo of actress Deepika Padukone and her family, all with their heads down, as if conveying a feeling of disappointment. The text overlay, “My friends with a 13.5 lakh package,” wax a sarcastic take on how people who earn Rs 13.5 lakh annually — above the tax-free threshold of Rs 12 lakh — might be unhappy because they would now be subject to paying taxes.
Another meme used two images of the same man, showing contrasting reactions. The first, with a smile, celebrates the tax relief for incomes up to Rs 12 lakh. The second, with a shocked expression, shows his dismay after an April salary hike pushes him above the threshold.
Here are a few other similar memes:
Under the new tax regime, those earning up to Rs 12 lakh annually (or Rs 12.75 lakh for salaried individuals benefiting from the standard deduction) will be completely tax-free. For incomes beyond this threshold, the new tax rates will apply progressively.
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