Tax rates reduced to 5% for individuals between 2.5 and 5 lac slab

Last updated: 01 February 2017

Finance Minister announces several measures for revenue mobilization in the General Budget 2017-18 along with a reduction in tax rates for small tax payers In a major relief to small taxpayer and to bring more people in the tax net, the Union Finance Minister Shri Arun Jaitly announced a reduction in tax rates from 10 per cent to 5 per cent for individual income between Rs. 2.5 to 5 lakhs. The total amount of tax foregone on account of this measure is expected to be Rs 15,500 crores. So t
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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