Indian Budget Highlights - 2017
Indian Budget Highlights - 2017 Some Interesting and effective budget highlights shared below on Personal Taxes. Govt. has tried to demonstrate that the govt. is going to support the tax payers and are going to take action against the tax evaders. Some strong statements regarding political party fundings, some data mining results details shared by the Finance minister. Most important statements since De-monetization in November. A few excerpts shared below. Personal Income Tax · More people to be brought in to the tax Net ( currently ONLY approx 3% people pay tax) · Reduce the existing rate of Taxation 2.5 to 5 Lakh ( Rate of Tax = 5% reduced from 10% earlier) · 0% liability for Income below 3 Lakh and 2500 for 3 to 3.5 Lakh · Additional 10% surcharge on people earnings above 50+ lakhs · Anyone filing the tax for 1st time will not be scrutinized for there declaration in first year Some real Interesting Data minin