Stating that India is 'largely a non-tax compliant society,' finance minister Arun Jaitley today said the government is putting a Rs 3 lakh limit on cash transactions. In addition, the minister gave a significant tax break to those earning between Rs 2.5-5 lakhs, cutting their tax rates to as low as 5 percent from the earlier 10%.
Watch Budget 2017: Tax rate reduced to 5% on income Rs 2.5L-5L With HD Quality.
Watch Tax Rate Reduced To 5% On Income Rs 2.5L-5L In Budget 2017 | Arun Jaitley | iNews With HD Quality
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Stating that India is 'largely a non-tax compliant society,' finance minister Arun Jaitley today said the government is putting a Rs 3 lakh limit on cash transactions. In addition, the minister gave a significant tax break to those earning between Rs 2.5-5 lakhs, cutting their tax rates to as low as 5 percent from the earlier 10%.
Watch Budget 2017: Tax rate reduced to 5% on income Rs 2.5L-5L With HD Quality
News video | 149 views
157th Income Tax Day Celebration. Income Tax Department will do various programs in Rajasthan
Watch 157th Income Tax Day Celebration. Income Tax Department will do various programs in Rajasthan With HD Quality
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As a salaried taxpayer, you are eligible for various tax benefits that can bring down your taxable income. Here is a look at six such benefits.
News video | 323520 views
In a landmark move by the government, the GST Council has brought down the GST rate on electric vehicles (EVs) to 5 per cent from 12 per cent. The move has come as a shot in the arm for the auto industry which has been pushing for a tax boost to promote the sale of EVs.
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Watch GST rate on EVs cut from 12% to 5 %; reduced rate effective from August 1 With HD Quality
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If you want to save your tax this year, then this news is for you.
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फाइनेंस मिनिस्टर ने बजट प्रेजेंट करते हुए टैक्स देने वालों को खुश कर दिया। नए टैक्स नियमों के अनुसार अब 3 लाख से 5 लाख तक की इनकम वालों पर सिर्फ 5 परसेंट टैक्स लगेगा और तीन लाख रूपए तक इनकम की वालों को अब कोई टैक्स नहीं देना।
नए नियमों के अनुसार पांच लाख रूपए तक की इनकम वाले अगर इनकम टैक्स एक्ट के दौरान इन्वेस्ट करते हैं तो पूरी इनकम, इनकम टैक्स के दायरे से बाहर हो जाएगी जिससे पांच लाख तक की इनकम वालों का टैक्स आधा हो जाएगा. इससे ज्यादा वाले सभी स्लैब में 12500 रूपए का फायदा होगा.
50 लाख से एक करोड़ रुपए की इनकम वालों पर दस परसेंट सरचार्ज लगेगा. पांच लाख तक की इनकम वालों को इनकम टैक्स रिटर्न दाखिल करते समय सिर्फ एक पेज का फॉर्म भरना होगा. पहली बार रिटर्न भरने वालों को एक साल तक स्क्रूटिनी से छूट मिल गयी है।
जेटली ने 2017-18 का बजट पेश करते हुए कहा टैक्स टू जीडीपी अनुपात बहुत कम है. डायरेक्ट टैक्स में असली तस्वीर सामने नहीं आती। साढ़े चार करोड़ सैलरी पाने वाले हैं लेकिन टैक्स देने वाले एक करोड़ के आस-पास हैं. 13 लाख कंपनियां रजिस्टर्ड हैं. लेकिन रिटर्न लगभग 5.7 लाख कंपनियों ने ही दाखिल किया है. तीन लाख कंपनियों ने तो कोई आय या मुनाफा दिखाया ही नहीं. सिर्फ 7 हजार कंपनियों ने दस करोड़ से ज्यादा का मुनाफा बताया.
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