In his Budget, Chancellor George Osborne raises the income tax threshold to £9,205 from next April. .
In his Budget, Chancellor George Osborne raises the income tax threshold to £9,205 from next April.
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In the Budget, Chancellor George Osborne cuts the 50p tax rate. The new top rate of tax will be 45p.
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The Finance minister has raised the income-tax exemption limit to Rs 2 lakh from Rs 1,80,000. No tax will be charged for income upto Rs 2 lakh. A tax of 10% will be charged for income between Rs 2-5 lakh, while 20% will be charged for income between 5-10 lakh and 30% will be charged above 10 lakh. The finance minister has however left the corporate tax unchanged.
Tax slab
Up to 2 lakh rupees - NIL
2 lakh - 5 lakh rupees - 10%
5 lakh - 10 lakh rupees - 20%
Above 10 lakh rupees - 30%
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New Delhi: Finance Minister Pranab Mukherjee on Friday announced tax relief for individual tax payers. Presenting Union Budget 2012-13 in Lok Sabha, Mukherjee said income upto Rs 2 lakh would be tax free; income from Rs 2 to 5 lakh would be taxed at 10%; from Rs 5 to 10 lakh at 20%; and income above Rs 10 lakh would attract tax of 30%.
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Finance Minister Pranab Mukherjee has presented Union Budget 2012 in Parliament. He said that tax exemption limit has been extended to Rs 2 lakhs. He said that tax collection up 15% and there is fall in Income Tax and Corporate Tax collections. Individuals having income above Rs 2 lakh to 5 lakh will be paying 10 per cent as tax.
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Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh. Income tax exemption limit for senior citizens has been raised to Rs 3 lakh. The Investment limit under Section 80C has also been hiked to Rs 1.5 lakh from the current Rs 1 lakh, while the FM increased housing loan interest rate deduction limit to Rs 2 Lakh.
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Watch Union Budget 2015: Income Tax Exemption Limit to Be Raised Video.
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5 नहीं साढ़े 6 लाख रुपए तक नहीं लगेगा एक भी रुपए टैक्स |No tax till Rs 5 lakh income for individuals taxpayers
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Watch Budget 2019- 5 नहीं साढ़े 6 लाख रुपए तक नहीं लगेगा टैक्स | Income Tax limit raised to Rs 5 lakh With HD Quality
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Watch Union Budget 2019 | Income Tax Slab Raised From 2.5 Lakhs To 5 Lakh Rupees With HD Quality
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എന്‍ഡിഎ സര്‍ക്കാരിന്റെ ടേം അവസാനിക്കാനിരിക്കെയുള്ള സമ്പൂര്‍ണ ബജറ്റായതിനാല്‍ ആദായ നികുതിയിനത്തില്‍ കാര്യമായ ഇളവുകള്‍ പ്രഖ്യാപിച്ചേക്കാനാണ് സാധ്യത.
നികുതിയൊഴിവ് പരിധി ഉയര്‍ത്തുന്നത് ഉള്‍പ്പടെയുള്ള കാര്യങ്ങള്‍ പരിഗണിക്കുമെന്നാണ് അറിയുന്നത്.ആദായ നികുതി ഒഴിവ് പരിധി 2.5 ലക്ഷത്തില്‍നിന്ന് അഞ്ച് ലക്ഷമായി ഉയര്‍ത്തിയേക്കാം. അതല്ലെങ്കില്‍ കുറഞ്ഞത് മൂന്ന് ലക്ഷം രൂപയായി പരിധി നിശ്ചയിച്ചേക്കുമെന്നും വിലയിരുത്തലുണ്ട്.രാജ്യത്തെ പണപ്പെരുപ്പ നിരക്കുകള്‍ വര്‍ധിക്കുന്നതിനാല്‍ നികുതി സ്ലാബ് ഉയര്‍ത്തുന്നകാര്യം കാര്യമായിത്തന്നെ പരിഗണിക്കുമെന്നാണറിയുന്നത്. മധ്യവര്‍ഗക്കാര്‍ക്ക്, പ്രത്യേകിച്ച് ശമ്പള വരുമാനക്കാര്‍ക്കായിരിക്കും ഇതിന്റെ ഗുണം ലഭിക്കുക.
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Budget 2018: Tax exemption limit may be raised from Rs 2.5 lakh to Rs 3 lakh
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the South Africa, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
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