Aboutme.SubinEconomics-Financial Budget
Aboutme.SubinEconomics-Financial Budget India.First, income tax rebate will be increases and the slab starts from rs. 5 lakhs - 15 lakhs, they will pay min. 10% tax. From 15 lakhs to rs. 50 lakhs, 20% tax will be paid. From 50 lakhs and above, we will be charging 25% only. Educational and medical excemption will be additional. Apart from that those who pay digitally can get a reduction of 5% more. Every individual has to submit the income tax return above 25 years. Aboutme.SubinEconomics-Financial Budget India. Corporate tax must be reduced to increase investment. So we reduce the corporate tax from 24% to 19%. This must be reinvested to add more benefits. Service tax will be reduced to 10% till july and all will be there till july and will be included in GST. GST will be reduced to 11% from july. ...