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budget expectations


bebbuli

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6 hours ago, Kiran said:

Much needed attention for healthcare, education and Agriculture. Good.

Ee Tax reliefs etc. last couple of budgets chesaru ga malli next time chestharu le.

1. Standard deductions of 40000 replaces 34200 existing reimbursements (Medical 15000 + conveyance 19200). So if you are in 20% tax slab with taxable income 10lac... U get 20% of 5800(40000-34200) i.e., *₹1160* benefit.

2. Edu cess increased from 3 to 4% so if your income is 10lac you are paying 112500 tax. 1% additional tax on this i.e., *₹1125*. 

*So ₹1160-₹1125, salaried class get ₹35 relief!*

Enjoy ?

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