Presenting the Union budget for 2017-18 in the Lok Sabha today, the Finance Minister Arun Jaitley said, there were legitimate expectations of the salary class after demonetization to reduce the tax burden. He proposed reducing the present rate of income tax from 10 to 5 percent for the first slab of income from 2.5 lakhs to 5 lakh rupees. Telugu Online News
With the existing benefit of rebate available to the group of beneficiaries, there would be zero tax liability for income upto 3 lakh rupees.
With the existing benefit of rebate available to the group of beneficiaries, there would be zero tax liability for income upto 3 lakh rupees.