To levy surcharge of 10% on income between Rs 50 lakh-1 crore, says FM
Live updates on budget 2017
Page no : 8
Reena Bhagat
(Article)
(22 Points)
Replied 01 February 2017
Plz confirm my understanding
Income Up 250000 - Nil
250000 to 500000 - 5%
500000 to 1000000 - 20%
above 1000000 - 30%
azrukhan
(Student)
(82 Points)
Replied 01 February 2017
yes Income tax rate on income between Rs. 2.5 lakh and Rs. 5 lakh cut to 5 per cent from 10 per cent
vatsal
(student)
(48 Points)
Replied 01 February 2017
What About Rebate U/s 87A ????? For AY 2018-19
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 01 February 2017
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.
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 01 February 2017
for section 87A rebate it will be RS.3500 instaed of RS. 5000.
BHARAT C AGHARA
(ACCOUNTANT)
(32 Points)
Replied 01 February 2017
RURAL PERSON HAS MORE EXPECTATION FROM GOVERMENT
Arun Kumar M
(BUSINESS)
(167 Points)
Replied 01 February 2017
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?
Nikhil Sharma
(Government Service)
(539 Points)
Replied 01 February 2017
| 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.
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