new Delhi. Union Finance Minister Nirmala Sitharaman had loads of expectations from this finances to the overall taxpayers, and their bag has been stuffed. The authorities has elevated the revenue tax exemption restrict. Income tax exemption has been taken care of each class.
According to media stories, the finance minister introduced that no tax should be paid to the revenue earners as much as 5 lakh. Those incomes from 5 to 7.50 lakh rupees will now need to pay 10 % tax, which until now needed to pay 20 %.
Those whose revenue ranges from Rs 7.50 lakh to Rs 10 lakh will now need to pay 15 % tax. Those incomes from 10 to 12.50 lakh rupees should pay 20 % tax, which has to pay 30 % until now. Those incomes from 12.50 lakh to 15 lakh rupees should pay 25 % tax, which until now was as much as 30 %. At the identical time, whose revenue is greater than 15 lakh rupees, such individuals will get 30 % tax. <! –