Good News For All Income-Tax Payers - GADGETS & INNOVATIONS


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Wednesday, February 1, 2017

Good News For All Income-Tax Payers

Finance Minister, Government of India, today has presented a New Union Budget in the Parliament, for the Next Financial Year 2017-18. The special feature in the current Union Budget is that it has happened for the first time in the Democractic Indian History, this year the Govenment Of India has merged the big Rail Budget and the General Budget both with the help of Finance Ministry and Planning Commision.

Proposed Income Tax slab rates by Central Board of Direct Taxes to be implemented from the next Financial Year 2017-18. And the while presenting the General Budget Mr.Arun Jaitley has sad this year's budget will releif the tax payers and it will be a pleasant for the honest tax payers of the country, India.

The 4 Income Tax slabs will be implemented unlike 3 Tax Slabes at present. And breif details are as under :

Up to 4,00,000. Nil

4,00,001 - 10,00,000.10%

10,00,001- 15,00,00015%

15,00,001-20,00,000 20%

20,00,001 & above. 30%

It is official information released last evening by the Central Board Of Direct Taxes.

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