 "Jaitley")
Finance Minister Arun Jaitley has just announced Union Budget 2017. Here are the highlights:
10 key focus areas: Farmers, rural economy, energising youth, poor and underprivileged, infrastructure, financial sector, digital economy, public service, prudent fiscal management, tax administration
Personal income tax: Tax rate halved to 5 per cent from 10 per cent for those earning between Rs 2.5-5 lakh; All other income brackets to get uniform benefit of Rs 12,500 per assessee; 10% additional surcharge on Rs 50 lakh-1 crore income levels; Long-term capital gains tax holding period fo housing reduced to two years from three years
10 key focus areas: Farmers, rural economy, energising youth, poor and underprivileged, infrastructure, financial sector, digital economy, public service, prudent fiscal management, tax administration
Personal income tax: Tax rate halved to 5 per cent from 10 per cent for those earning between Rs 2.5-5 lakh; All other income brackets to get uniform benefit of Rs 12,500 per assessee; 10% additional surcharge on Rs 50 lakh-1 crore income levels; Long-term capital gains tax holding period fo housing reduced to two years from three years
