INCOME TAX TABLE: BUDGET 2017-18 Finance Minister Arun Jaitley today proposed to reduce the tax rate for income up to Rs 5 lakh from the existing 10 per cent to 5 per cent while imposing 10 per cent surcharge on income between Rs 50 lakh and Rs 1 crore. Following is the table of impact on individual on tax proposals: INCOME TAX RATE IMPACT (Individual Tax Payers) Up … [Read more...] about INCOME TAX TABLE: BUDGET 2017-18
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Expected Potential Relief in Income Tax – 10% Tax on 3 to 10 Lakh
Income Tax Exemption Limit can be increased upto Rs 3 Lac Finance minister Arun Jaitley may announce during the Budget The Modi government may declare a raise in the Income Tax Exemption limit from the current 2.5 lacs to 3 lacs. Finance Minister Arun Jaitley may announce an increase in the Income Tax Exemption limit to 3 lacs in the 2015-16 budget meeting, which will … [Read more...] about Expected Potential Relief in Income Tax – 10% Tax on 3 to 10 Lakh
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