Budget 2016-17 : PERSONAL TAXATION - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, March 05, 2016

Budget 2016-17 : PERSONAL TAXATION

PERSONAL TAXATION : Budget 2016-17

* No change in basic exemption limit

* No change in tax rates

* Rebate of Income Tax under section 87A increased from Rs.2000 to Rs.5000 for individuals with total income not exceeding Rs.5 Lakh


* Rent paid under section 80GG increased from Rs.2,000 per month to Rs.5,000 per month (Yearly Rs. 24,000 to Rs. 60,000)
Budget 2016-17 : PERSONAL TAXATION Reviewed by S. Chitra on March 05, 2016 Rating: 5 PERSONAL TAXATION : Budget 2016-17 * No change in basic exemption limit * No change in tax rates * Rebate of Income Tax under s...

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