Budget 2017: Tax rate reduced to 5% on income Rs 2.5L-5L

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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%.

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    Watch My other Vlogs -
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    Beauty Tips video | 1340 views