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Tax reduced to 5% on income of Rs 2.5 lakh-5 lakh


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Balasubramanian Swaminthaiyer
I T Status.
by Balasubramanian Swaminthaiyer on Feb 02, 2017 08:48 AM

Might not be taken as good by some Lower Middle Class people, especially salaried and pensioners and senior citizens. The Rise in the limit to 3,00,000 and 3,50,000 for Sr. Citizen was the expectations. Since the 3 Budgets the limit is not raised meaning the repetition of trouble for Lower Middle Class.

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Sanjay Agrawal
Nobody thinks for taxpayers
by Sanjay Agrawal on Feb 02, 2017 06:57 AM

Whichever government is at the center, it does not matter. Nobody thinks about taxpayers. They are always left to suffer. Giving peanuts does not help taxpayers. Over the years the cost of living has gone so high but government keeps killing taxpayers. Businesses keep manipulating and avoid paying taxes. They are not caught and punished. Just the honest salaried taxpayers are butchered year on year.

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khayum pasha
Income tax exemption limits.
by khayum pasha on Feb 01, 2017 09:09 PM

Rediff most useless selfish bootpolishing channel.
What was wrong in my post that it has not been published by your super moderator team. GROW UP

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Jitendra Ambekar
It will be a good budjet if.....
by Jitendra Ambekar on Feb 01, 2017 08:52 PM

Overall budget is satisfactory but would be even better if income tax bar would be raise to 40% & 55% on 1 CR to make these so called celebrities and higher income owner down to earth.

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lakshmi soma sundaram
Direct taxes
by lakshmi soma sundaram on Feb 01, 2017 08:10 PM

What about tax slabs for earning between Rs 10-20 lacs p.a?? Nothing has been clearly mentioned.
In all the the Budget is total failure for the common man and the rich will enjoy

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lakshmi soma sundaram
DIRECT TAXES
by lakshmi soma sundaram on Feb 01, 2017 08:07 PM

The tax slab is still not clear. Only income between 2.5 -5 lacs has been mentioned
What about the slab for income between
10-20 lacs. should they be burdened with the tax
for honestly paying


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ramachandiran nil ramiah
Burden the salaried
by ramachandiran nil ramiah on Feb 01, 2017 07:40 PM

BJP govt. whenever in power had taxed the salaried only and favoured companies. I still remember the budget presented by Sri. MMS when Sri. Vajpayee was in opposition. Immediately after the speach on direct taxes Sri. vajpayee showed his dissatisfaction on tax rebates given by Sri. MMS. But when he beacame PM his govt did not give anything and taxed the common man saying already enough had been given. The BJAP should understand that salaried clas also can change the Govt. I doubt the second term for BJP.

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Tina Kanani
Personal IT
by Tina Kanani on Feb 01, 2017 06:56 PM

It seems that Mr modi has promised himself to totally destroy the salaried masses. Earn to pay taxes.a very disappointing budget for me and wondering where is "achhe din"

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padmabati
Budget
by padmabati on Feb 01, 2017 05:37 PM

In West Bengal, State Budget is prepared and presented by an eminent Economist , comments on Demonetization is made by Economists only unlike what is happening elsewhere.

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