India News Special Show: Know how the change in Income Tax rates will affect you
- 5 years ago
Union Finance Minister Arun Jaitley on Wednesday relaxed the lower brackets of income tax after the introduction of the Union Budget 2017.
For people in the income bracket of Rs 2.5 lakh – 5 lakh, the personal income tax has been halved from 10% to 5%.
After rebates, people with an annual income of upto Rs 3 lakh have been exempted from the income tax.
Those with annual income between Rs 50 lakh to Rs 1 cr will be levied a surcharge of 10%. There will be 15% surcharge on incomes above Rs 1 cr will continue to be charged.
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For people in the income bracket of Rs 2.5 lakh – 5 lakh, the personal income tax has been halved from 10% to 5%.
After rebates, people with an annual income of upto Rs 3 lakh have been exempted from the income tax.
Those with annual income between Rs 50 lakh to Rs 1 cr will be levied a surcharge of 10%. There will be 15% surcharge on incomes above Rs 1 cr will continue to be charged.
For More Information visit us: http://www.inkhabar.com/
Connect with us on Social platform at: https://www.facebook.com/Inkhabar
Connect with us on Social platform at: https://twitter.com/Inkhabar
Subscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindia