Below are the 2017-18 Budget highlights based on the presentation by Arun Jaitley: 1. India stands out as a bright spot amid world economic gloom. 2. Our focus will be on energising youth to reap benefits of growth and employment. 3.
Income Tax Slabs for individual Effective Income Tax slab for individuals Rates of Income Tax Income up to Rs. 2.5 Lacs 0% Income from Rs. 2.5 Lakh to 5 Lakh(Newly Introduced) 5% Income from Rs. 5 Lakh to 10 Lakh
Income Tax Rate Chart / Income Tax Slabs as Applicable for Assessment Year 2017-18 / Financial Year 2016-17 for Individual, HUF, AOP, BOI, Partnership Firms, LLP and Companies. Rates for deduction of income-tax at source from “Salaries”, computation of “advance
Income tax slab rates for financial year 2015-16 (assessment year 2016-17) are same as the income tax slab rate for Financial year 2014-15 (assessment year 2015-16). I. Income Tax Slab rate for Individuals, Hindu Undivided Families, Association of Persons and Body
The Honorable Finance Minister, during his Budget speech, spoke about moving towards a non adversarial tax regime which would be in consonance with global policy. In doing so, he has tried to address the concerns of foreign investors by making
Reserve Bank Governor meet on financial investment by Raghuram Rajan has individuals that have advocated increasing the range of tax rebates. Just up to RS 1.5 lakh annually specified plans investment income tax discount. Rajan said that in the last
Under section 9(1)(iv), any dividend paid by an Indian company outside India is deemed to accrue or arise in India and therefore, such dividend falls within the scope of total income as defined in section 5, both in the case
Section 9(i)(ii) provides that any income which falls under the head “salaries” if it is earned in India would be deemed to accrue or arise in India. The expression ‘income earned in India’ to mean payment for the services in