Individual tax havens, which have been ongoing for more than two decades.. The wage-creatures expected to review the full range Disheartening. This time, even in the gadget, it was disappointing. However. The finance minister has tried to give some consolation in the form of standard deduction.
Even in this year’s budget, tax havens have not changed. Individual tax havens, which have been ongoing for more than two decades.. The wage-creatures expected to review the full range Discouragement. This time, even in the budget, there was a disappointment. However. The finance minister has tried to give some consolation in the form of standard deduction. Jaitley revealed in the budget speech that tax collections have been increasing over the past two years. In the fiscal year, 12.6% of the tax collection is high… At present, 18.7% of the income tax is collected till January 15. Even the number of taxpayers has increased drastically. Jaitley did not make any change in the personal income tax hall, even though many people hoped to receive it.
- There will be no tax if there is an income of under Rs. 2,50000/-
- 5% between Rs. 2, 50000 to Rs. 5,00000/-
- 20% between Rs. 5, 00000 to Rs. 10,00000/-
- 30% if income exceeds Rs. 10,00000/-
Tax will be levied on the total income received by the employee from the management. If the minimum deduction limit is exceeded as reduced tax (TISS) in the original, the management may cut the tax and pay the remaining amount as remuneration to the employee.
Union Finance Minister Arun Jaitley has also revealed that the government is rapidly recognizing the information of those who are in the income tax area and not filing it returns. Government sources have revealed that the TDP has been deeply searching for the details. In addition, the Finance Minister said in the parliament that tax evasion is easily recognized even using the Financial Transactions report (SF ² Tee) and the Permanent Account Number (PAN).