venky
Member
- Joined
- 20 Feb 2017
- Messages
- 371
- Reaction score
- 513
Income tax task force has proposed a new slab structure for income tax. If it is implemented, then would be a huge relief for the working class. There won't be any change in the rebate system.
Proposed Slab suggestions:
Up to ₹2.5 lakh - Exempted
Up to ₹5 lakh - 5% (rebate up to ₹12,500)
₹5 lakh to ₹10 lakh - 10%
₹10 lakh - ₹20 lakh - 20%
₹20 lakh to ₹2 crore - 30%
₹2 crore and above - 35%
The next concern will be that how the tax amount difference will be handled by the government as lowering tax slabs will make a big margin.
Source: Livemint
Proposed Slab suggestions:
Up to ₹2.5 lakh - Exempted
Up to ₹5 lakh - 5% (rebate up to ₹12,500)
₹5 lakh to ₹10 lakh - 10%
₹10 lakh - ₹20 lakh - 20%
₹20 lakh to ₹2 crore - 30%
₹2 crore and above - 35%
The next concern will be that how the tax amount difference will be handled by the government as lowering tax slabs will make a big margin.
Source: Livemint
Last edited:
