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Thread: Union Budget Announced No Change in Income Tax Slab

  1. #1
    Join Date
    Nov 2015
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    362

    Default Union Budget Announced No Change in Income Tax Slab

    Arun Jaitely today announced the personal Income tax the Union Budget of 2016-17 in which he explained that deduction of additional interests of 50,000 Rs per annum for a loan that is more than 35 Lakh specially for the first time home buyers and house costs doesnot more than 50 lakh Rs ownwards. He proposed that there is deduction of the rent paid that is from 24,000 Rs per annum to 60,000 per annum specially for those who did not buy there own house. a relief of 3000 to be given on the ceiling tax from 2000 Rs to 5000 Rs for those whose income should less than 5 lakh Rs. Hopefully this budget put less burden on common people.

  2. #2
    Join Date
    Feb 2015
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    Chandigarh
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    Total allocation for agriculture and farmer welfare at Rs 35984 crores. 28.5 lakh hectares of land will be brought under irrigation. 5 lakh acres to be brought under organic farming over a three year period. Rs 60,000 crore for recharging of ground water recharging. After reviewing the entire budget it is clearly seen that the budget completely focused on beneficiary of villages and farmers only.

  3. #3
    Join Date
    Aug 2014
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    No change in Income Tax Slab is very disappoint to middle class.

  4. #4
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    Sep 2014
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    978

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    That is quite disappointing news. It is a slap on all the middle class people who think Modi will bring Achche din....

  5. #5
    Join Date
    Aug 2014
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    698

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    Some Highlights of Union Budget:
    1. AADHAR NO will not be a proof of citizenship or domicile
    2. Nationwide of ATMS, micro-ATMs across the country
    3. Shops will be given an option to remain open on all seven days
    4. Committed to implementing GAAR from April 1, 2017
    Neha Rani
    Success doesn't come to u , U Go To It....

  6. #6
    Join Date
    Sep 2014
    Posts
    223

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    It is like a slap on all the middle class people.

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