Economy

10 things individual taxpayers should know about Budget

For happy returnsPTI
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For happy returns
It is said that nothing in this world is certain except for death and taxes. With this nifty Times of India-EY Guide, however, you can soften the blow from the latter, legally of course. Read on...
Halved income taxPTI
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Halved income tax
With a decrease in tax rate from 10% to 5% for total income between Rs 2.5 lakh and Rs 5 lakh, there is tax saving of up to Rs 12,500 per year and Rs 14,806 (including surcharge and cess) for those with income above Rs 1 crore.
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