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Personal Tax News

03 Feb 2017

Union Budget 2017-18: How tax proposals will affect you

While presenting the Budget for the financial year 2017-18, Finance Minister Arun Jaitley on Wednesday proposed to reduce the existing rate of taxation for individual assesses between income of Rs 2.5 lakhs to Rs 5 lakhs to 5% from the present rate of 10%.

New financial year

01 Apr 2016

New financial year: Changes that will impact you from April 1

As we welcome the new financial year 2016-17 from Friday, a host of changes announced by the government will come into effect from Friday.

Low-income bracket

01 Apr 2016

Get personal tax exemption of additional Rs 30,000 from Friday

Those earning up to Rs 5 lakh a year will now get a tax relief of Rs 5,000, up from Rs 2,000 previously.

18 Feb 2016

Budget 2016: Govt may increase personal income tax exemption limit

Govt may increase personal income tax exemption limit

Union Budget 2014

10 Jul 2014

Union Budget 2014: Experts say personal tax sops to boost savings, consumption

KPMG India personal taxation partner Vikas Vasal said, "Tax relief provided to individuals is welcome especially when the government faced tough macroeconomic situation."

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