Business10 Income Tax Rules That Will Change From April, See Details Here
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10 Income Tax Rules That Will Change From April, See Details Here
The Lok Sabha on Wednesday passed the Finance Bill
Starting from April 1, 2017, some income tax laws will change
Tax rate on income between Rs. 2.5-Rs. 5 lakh will get halved to 5%
The tax rate on income between Rs 2.5 lakh and Rs 5 lakh will get halved to 5 per cent from 10 per cent.
The Lok Sabha on Wednesday passed the Finance Bill, completing the budgetary exercise for 2017-18. Since the Finance Bill is a Money Bill, it needs only to be cleared by the Lok Sabha. Starting from April 1, 2017, some income tax laws will change. Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok S...