Assurance | Advisory | Consultancy

10APR,2017

BUDGET AMENDMENTS

No change in exemption slab. However rate of tax between Rs.2.5 lakh to Rs.5 lakh will be reduced from 10% to 5% Rebate under Section 87A will be available only if taxable income of a resident individual does not exceed Rs.3.5 lakh. Rebate is restricted to Rs.2,500/- Tax rate for domestic company will be @25% if total turnover of the company is Rs.50 crore or less for the FY 15-16. w.e.f. 01.04.2017 Limit for payment of expenses by cash or bearer...

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