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Budget Announcements That Will Directly Impact Your Life

By: ashmit_notpatel | Posted Feb 01, 2017 | General | 6521 Views | (Updated Feb 01, 2017 02:13 PM)

1 Income tax rate has been reduced from 10% to 5% for taxpayers in the slab of Rs 250,000 to Rs 500,000.


2 If you are a small form owner with a turnover up to 50 crore, your tax has been reduced from 30% to 25%


3 You will no longer have to pay service tax on tickets booked through IRCTC


4 Adhaar cards depicting health of senior citizens to be introduced


5 500 railway stations have lifts and elevators provided to make them differently-abled


6 If you lie in the income bracket of Rs 50 lakh to 1 crore, there will be a surcharge of 10%


7 The 15% surcharge levied on income bracket of above 1 crore will continue


8 1.25 crore people prefer recently launched BHIM App for their digital transactions


9 Cash transactions above Rs 3lakh have been banned


I will keep updating this blog. Stay Tuned!


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