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FM announces health cess on import of medical equipment
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Custom duty raised on footwear and furniture: FM
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'Vivad se Vishwas' scheme for direct tax payers whose appeals are pending at various forum
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Income Tax Act to be amended to allow faceless appeals against tax orders on lines of faceless assessment: FM
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Start-ups are engine of growth. Propose to increase turnover limit for startups from Rs 25 crores to 100 crores.
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New Tex Slabs: 20% for income between Rs 10-12.5 lakh, 30% on income above Rs 15 lakh
Tax Slabs
- Income SlabFY 2018-2019FY 2019-2020
- UP TO RS 2.5 LACNO TAXNIL
- RS 2.5 LAC - RS 5 LAC5%NIL
- RS 5 LAC - RS 7.5 LAC20%10%
- RS 7.5 LAC - RS 10 LAC20%15%
- RS 12.5 LAC - RS 15 LAC30%25%
- OVER RS 15 LAC30%30%
- Income SlabFY 2018-2019FY 2019-2020
- UP TO RS 3 LACNO TAXTO BE ANNOUNCED
- RS 3 LAC - RS 5 LAC5%TO BE ANNOUNCED
- RS 5 LAC - RS 10 LAC20%TO BE ANNOUNCED
- OVER RS 10 LAC30%TO BE ANNOUNCED
- Income SlabFY 2018-2019FY 2019-2020
- UP TO RS 5 LACNO TAXTO BE ANNOUNCED
- RS 5 LAC - RS 10 LAKH20%TO BE ANNOUNCED
- OVER RS 10 LAKH30%TO BE ANNOUNCED
Budget
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