Income Tax slab rate reduced from
10% to 5% , For income upto Rs.500000!
Tax payer will be benefited by Rs.12500!
Is it true?
But, media / news papers does not highlight one change.
Yes, Tax rebate of Rs.5000 for income upto Rs.500000 available till last year is changed.
Now it is reduced to Rs.2500 and that too upto income of Rs.350000.
Giving benefit by one hand and take away the existing benefit by the other hand!
What an ideaji?
Pl. Read the examples compiled by me .
Those who are under income of Rs. 500000 are not benefited anything.
But, those who are having income of above Rs.500000 are fully benefitted by
This Government is for whom?