10 things individual taxpayers should know about Budget
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 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.