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Income Tax

Digireload Team

Between 5 lakh and 7.5 lakh {Reduced to 10% from the current 20%}
Between 7.5 lakh to 10 lakh {Reduced to 15% from the current 20%}
Between 10 lakh to 12.5 lakh {Reduced to 20% from the current 30%}
Between 12.5 lakh to 15 lakh {Reduced to 25% from the current 30%}
Above 15 lakh {Continue at 30%, but without exemptions}
Over 70 deductions have been removed.
Companies will no longer be required to pay Dividend Distribution Tax (DDT).
Aadhaar-based verification for GST compliance to be introduced.