There was no income tax up to Rs 3 million, 5 million income tax is reduced by 5%


A huge discount on the additional surcharge for the rich and the middle class. Finance Minister Arun Jaitley said that this year’s proposed magnet.


Now a tax on income up to Rs 3 lakh will not have to pay. Arailaksa 5 lakh income tax reduced from 10 percent to 5 percent of the amount. However, the minister has laid the burden of the additional surcharge on the rich.


1 crore 50 lakh a year to earn an additional 10 percent surcharge will be applicable. Those earning more than 1 million of them in the amount of 15 percent of the applicable surcharge.