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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Budget 2017-18
Salaried peoples expectations from Budget 2017-18
Salaried peoples expectations from Budget 2017-18 New Delhi: Finance Minister Arun Jaitley unveils the budget on 1 February. The salaried class has a lot of expectations from the Budget. Increase in the personal income tax exemption limit and a higher deduction limit on home loan interest are among the common ones, say analysts. The following salaried people's … [Read more...] about Salaried peoples expectations from Budget 2017-18
FinMin issues instructions for Budget 2017-18
FinMin issues instructions for Budget 2017-18 New Delhi: With Centre deciding to advance Budget 2017-18 presentation by about a month, the Finance Ministry has come out with comprehensive instructions for different ministries for completion of the exercise. The instructions were issued following the Cabinet decision to merge rail and general budgets, do away … [Read more...] about FinMin issues instructions for Budget 2017-18
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