Live updates on budget 2017

To levy surcharge of 10% on income between Rs 50 lakh-1 crore, says FM

One page tax filing form for taxable income under Rs 5 lakh

GST council has finalised recommendations on all issues based on consensus, says FM
CBEC will continue to strive to implement GST, says FM

GST council has finalised recommendations on all issues based on consensus, says FM
CBEC will continue to strive to implement GST, says FM

GST council has finalised recommendations on all issues based on consensus, says FM
CBEC will continue to strive to implement GST, says FM

One page tax filing form for taxable income under Rs 5 lakh

Not proposing many changes to indirect taxes given GST roll-out plan, says FM

Plz confirm my understanding

Income Up 250000    - Nil

250000 to 500000  - 5%

500000 to 1000000 - 20%

above 1000000 - 30%

yes Income tax rate on income between Rs. 2.5 lakh and Rs. 5 lakh cut to 5 per cent from 10 per cent

What About Rebate U/s 87A ????? For AY 2018-19

There is ban of cash transaction above Rs. 3Lakhs is it for a Financial Year or ? Can any expert give his/her valauble comments on this.

for section 87A rebate  it will be RS.3500 instaed of  RS. 5000. 

RURAL PERSON HAS MORE EXPECTATION FROM GOVERMENT

Dear All,

Rebate 87A reduced to 2500... but there is doubt whether the same is applicable to persons having income upto 3,50,000 or 5,00,000?

Originally posted by : ARUN KUMAR M
	Dear All,   Rebate 87A reduced to 2500... but there is doubt whether the same is applicable to persons having income upto 3,50,000 or 5,00,000?

Its for those whose income is upto 350000. It has been clearly mentioned in bill and memorandum explaining the bill.