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Income Tax reduced

It is certainly a great news for people working in IT companies. The income tax has been reduced to: NIL upto 1.5 lakhs per annum, 10% from 1.5 to 3.0 Lakhs per annum & 20% from 3.0 lakhs to 5.0 lakhs per annum. Which is very low compared to earlier 10% from 1.0 Lakhs to 1.5 lakhs, 20% from 1.5 lkahs to 2.5 lakhs & 30% from 2.5 to 5 lakhs.


This is one key advantage of this years budget. I am sure everyone would have felt relieved from this plan. Atleast, I am very happy that I would save a lot of money on income tax.


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7 Responses

  1. Service_to_all says:

    Hello,

    We the individual tax payers form a large segment of the vote bank and elections are fast approaching!!!

    Clearly a vote begging budget. There is nothing significant on the development front. All the proposals are shortsighted, with a clear focus on the coming elections.

    We as educated lot need to look at the budget in a broader perspective and not approach with a selfish attitude.

    Regards,
    SERVICE TO ALL

  2. lkjhgf says:

    It is much more beneficial for the middle class employees who work in It sector.

  3. lkjhgf says:

    Whatever it may be the reason whether its election or something else atleast we r getting benefit out of it comparatively with previous yrs.

  4. Service_to_all says:

    Hello,

    That is short sightedness. What prevents this man from not bringing back stringent tax reforms, which he is capable and has done on several earlier budgets, next year as well, should they come back to power. And this budget is specifically targeted for the coming elections, and have caught the quick favor of people like you. And I see PC’s one of the objective already being served.

    Regards,
    SERVICE TO ALL

  5. lkjhgf says:

    People have always seen the disadvantages of the government. They that the thing that is going on is wrong but never think that what they have done in favour of such matters. They just keep on saying more n more wrong about it.
    Such people never goes in politics and change the scenario.

  6. Service_to_all says:

    Hello,

    To point out the mistakes of the govt. is the duty of every citizen. By pointing out the mistakes, does not make one eligible or a better choice for the JOB.

    First of all I dont have the basic minimum requirement of a politicians. I have not gone to Jail for any crimes, I have not swindled any money, I believe that Iam straightforward etc.

    Regards,
    SERVICE TO ALL

  7. Service_to_all says:

    Hello,

    Could you please tell me as to why it should be good news for people in IT companies alone?

    One thing I can guess. They know that they are the best paid for the age and number of years of work experience that they have.

    Regards,
    SERVICE TO ALL

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