corporate and professional update dated march 7,2016
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 7,2016 BRIEF SUMMARY OF THE AMENDMENTS PROPOSED BY THE FINANCE BILL, 2016 (Income Tax & Service Tax) Part-I: Amendments Proposed in the Income Tax No change in Tax rates or Income slabs. Tax Rebate u/s 87A has been increased from Rs.2,000 to Rs.5,000 for the taxable income Upto Rs.5,00,000. …