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Union Budget 2017 focusing on Corporate Tax, Personal Income Tax

 

 

Prime Minister Narendra Modi's government focusing towards corporate tax and personal income tax in the upcoming union budget 2017

This time Finance Minister Arun Jaitley to present the budget one month before it was usually observed, on 1st February 2017.

Finance Minister Arun Jaitley stated that the government wants to cut corporate taxes by 25%.

Government to provide tax relief to tax payers

In the upcoming budget, changes in direct taxes will also be made and at the same time taxpayers will also be provided relief.

The Government can also introduce new taxes so as to make more people accountable to pay taxes and at the same time will provide incentives to the tax payers.

The government can also reduce the minimum exemption limit and in the mid level, tax slab can also be reduced.


 

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