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Showing posts with label Bihar State employees Salary and benefits. Show all posts
Showing posts with label Bihar State employees Salary and benefits. Show all posts

Friday 23 February 2018

As the Income Tax Slab has already changed by the Finance Budget for the Financial Year 2017-18. 
Tax Rate up to Rs. 2.5 Lakh is NIL

Below Taxable Income 5 Lakh the Tax Rate @ 5% instead the previous financial year 2016-17 was @ 10%. Who's Taxable Income above 5 lakh the rate of Tax @ 20% below 60 years age.

The Income Tax Rebate has also reduce from 5 thousand to Rs. 2.500/- who's Taxable Income below 3.5 Lakh they can get this Tax Rebate. Other Section like as 80C has no changed in this Financial Year 2017-18.