Budget 2017 : No Tax On Income Up To Rs 3 Lakh, 5% Tax On Income Up To Rs 5 Lakh
Nagpur/New Delhi: government minister Arun Jaitley on Wed planned to scale back existing rate of taxation of these with financial gain between Rs a pair of.5 large integer to Rs five large integer from ten % {to five|to five} % whereas presenting the Union Budget 2017.
Jaitley conjointly planned to not impose any tax on financial gain up to Rs three large integer.
However, he declared one0|a ten} % surcharge on individual financial gain on top of Rs fifty large integer and upto Rs 1 large integer to create up for Rs fifteen,000 large integer loss of as a result of cut in personal I-T rate. in addition, the fifteen % surcharge on financial gain on top of Rs one large integer can continue.
Personal financial gain tax: Existing rate of taxation of these with income between Rs a pair of.5 large integer to Rs five large integer reduced from ten % {to five|to five} %
-All different financial gain classes can get a good thing about Rs twelve,500
-Zero tax liability for financial gain of Rs three large integer
-10 % surcharge on individuals earning between Rs fifty large integer and one large integer
-Simple one page kind for tax payees upto Rs five large integer
-Propose to amend run batted in Act for issue of electoral bonds for political funding
-Government considering choice to amend Negotiable Instruments Act to confirm that holders of -Dishonoured cheques get payment.
© 2017 BHARTIYA TREND ALL RIGHTS RESERVED.
However, he declared one0|a ten} % surcharge on individual financial gain on top of Rs fifty large integer and upto Rs 1 large integer to create up for Rs fifteen,000 large integer loss of as a result of cut in personal I-T rate. in addition, the fifteen % surcharge on financial gain on top of Rs one large integer can continue.
Personal financial gain tax: Existing rate of taxation of these with income between Rs a pair of.5 large integer to Rs five large integer reduced from ten % {to five|to five} %
-All different financial gain classes can get a good thing about Rs twelve,500
-Zero tax liability for financial gain of Rs three large integer
-10 % surcharge on individuals earning between Rs fifty large integer and one large integer
-Simple one page kind for tax payees upto Rs five large integer
-Propose to amend run batted in Act for issue of electoral bonds for political funding
-Government considering choice to amend Negotiable Instruments Act to confirm that holders of -Dishonoured cheques get payment.
© 2017 BHARTIYA TREND ALL RIGHTS RESERVED.
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