Thursday, 1 February 2018

FM leaves rich poorer, poor not much richer

When it comes to personal income tax, finance minister Arun Jaitley gave with one hand and took away with the other. While he reintroduced standard deduction — it was scrapped in 2004-2005 — Jaitley did away with medical and transport allowance, except for differently abled persons, and hiked cess from existing 3% to 4%.

from Times of India http://ift.tt/2DWNoXd
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