Singapore Markets open in 1 hr 9 mins
1 / 5

5 taxes you should know about in Budget 2017

1) Personal income tax The Prime Minister has acknowledged the hardships caused by demonetisation. The commoners have shown their solidarity towards the move. They have endured many troubles due to the lack of cash. There is a widespread expectation that the FM will ease the pains. There is hope that the basic tax exemption limit will rise from Rs 2.5 lakh to Rs 3 lakh. This will mean more disposable income in the hands of the common man.

5 taxes you should know about in Budget 2017

The hopes of every Indian soar during budget season. From the man on the street to the corporate bigwig, everyone has expectations. Everyone wants a benevolent tax regime. The wish-list is long and the Finance Minister (FM) cannot fulfil them all. There are some key expectations about direct taxes. These may provide some relief to the individual taxpayer. Some may also fill government coffers.

 Here are five basic tax announcements to watch out for on 1 February 2017: