Nirmala Sitharaman presented her maiden budget yesterday. In the budget wish list of the common man, on top priority were a hike in exemption limit and change in the tax slabs. The FM, however steered clear of these and instead, proposed a higher surcharge on the rich and super-rich, higher tax break on affordable housing, among other changes.
In effect, India has more than four tax slabs for first time since 1985
*Rs 12,500 rebate for income up to Rs 5 lakh
4% health and education cess applies to all slabs
(Figures in Rs)
In effect, India has more than four tax slabs for first time since 1985
4% health and education cess applies to all slabs
(Your legal guide on estate planning, inheritance, will and more.)
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(Your legal guide on estate planning, inheritance, will and more.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.