Here Are The Changes In Income Tax Rules 2017


  • Fund Serve Arun Jaitley today split the salary charge rate for people acquiring between Rs 2.5 lakh and 5 lakh to 5 for each penny, from the prior rate of 10 for every penny. 

  • This would decrease the expense obligation of all people beneath Rs 5 lakh pay either to zero (with refund) or 50 for each penny of their current risk. 

  • Finish scope on Union Spending plan 2017 

  • In any case, the Fund Serve said that the current discount of Rs 5,000 accessible on salary up to Rs 5 lakh has been lessened to Rs 2,500 and will be relevant to assessees up to wage of Rs 3.5 lakh. 

  • Rate the Union Spending plan 2017-18 


  • This implies there would be zero expense risk for individuals with salary up to Rs 3 lakhs and the duty obligation might be Rs 2,500 for individuals with wage between Rs 3 lakh and Rs 3.5 lakh. 

  • This likewise implies tax reductions of up to Rs 12,500, considering that people in other salary charge pieces of 20 for each penny (wage between Rs 5 lakh and Rs 10 lakh) and 30 for every penny (wage above Rs 10 lakh) will likewise pay bring down expense. 

  • Additionally read: Spending plan 2017 - Arun Jaitley parts assess for those acquiring between Rs 2.5 lakh and Rs 5 lakh 

  • Be that as it may, the back clergyman forced an additional charge of 10 for each penny on those gaining up between Rs 50 lakh and Rs 1 crore. The present 15 for each penny additional charge on those winning salary above Rs 1 crore will stay, the Back Priest said. 

  • In other duty related change, the back clergyman said long haul capital additions assess on steady property will apply following 2 years, rather than 3 years now. This will give a lift property ventures, says specialists. The fund serve likewise said that the legislature will make accessible more instruments where property financial specialists could stop their increases for saving money on expense. 

  • The back clergyman additionally said that money exchanges above Rs 3 lakh would not be permitted.

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