- A new revised income tax return form 'Sugam' to be introduced for small tax-papers
- Exemption Limit for Individuals raised from Rs.160,000 to Rs.180,000 for individual tax payers
- For senior citizens, the qualifying age reduced from earlier 65 years to 60 years
- For senior citizens, the Basic Exemption Limit raised to Rs.250,000
- New Category of tax-payers “Very Senior Citizens” created consisting of Citizens having age of 80 years and above
- Basic Exemption Limit for Very Senior Citizens at Rs.500,000
- Surcharge on Domestic Companies reduced to 5% from 7.5%
- Minimum Alternate Tax raised to 18.5% from 18%
Share this post on: Facebook or
Email this post to a Friend:
Posts
0 Comments:
Post a Comment