Major Highlights of Union Budget 2017 For The Common Man.

Let's take a look at Major Highlights of Union Budget 2017



  1. If your income is less than Rs. 3 lakhs per annum, then you don't have to pay tax.
    Your email address will not be published.Required fields are marked *

    CommentLuv badge


  2. People who have income between Rs 3 lakhs to Rs 5 lakhs, have to pay tax of 5 % over 3 lakhs. This means a person earning 5 lakhs has to pay Rs. 10,000/- Calculation : No tax of income upto 3 lakhs. Income over 3 lakhs for person making 5 lakhs is 2 lakhs. So 5 % of 2 lakhs is Rs. 10,000/-
    Your email address will not be published.Required fields are marked *


  3. People who fall under the 5 lakhs tax bracket can simply file their income tax with a one page income tax return.
    Your email address will not be published.Required fields are marked *


  4. Long Term Capital Gain for property has been reduced from 3 years to 2 years. This means you don't have to pay any income tax on capital gains from Land & Building if you have been holding it for a duration which is more than 2 years.
    Your email address will not be published.Required fields are marked *


  5. You won't be able to make cash transactions over Rs. 3 lakhs. You can still transfer larger amounts through the banking route.
    Your email address will not be published.Required fields are marked *

Add Your Content
Or
Paste a YouTube, Instagram or SoundCloud link (not embed code).

What's Your Reaction?

Like Like
1
Like
Love Love
0
Love
Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Lol Lol
0
Lol
Win Win
0
Win
WTF WTF
0
WTF

Major Highlights of Union Budget 2017 For The Common Man.

Log in

Become a part of our Blogger community!

Don't have an account?
Sign up

reset password

Back to
Log in

Sign up

Join Blogging Community

Back to
Log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF

Send this to friend