01/02/2017
Union Budget 2017: Highlights: 1) For senior citizens, Aadhar cards giving their health condition will be introduced, 2)Service charge on rail tickets booked through IRCTC to be withdrawn, 3) Aadhaar Pay- an app for merchants- to be launched' 20 lakh aadhaar-based POS by September 2017. 4) Small firms with turnover up to Rs 50 crore to pay 25% tax now, instead of 30%., 5) Black money SIT has suggested no cash transaction above Rs 3 lakh. The government has accepted this recommendation. 6) Maximum cash donation any party can receive will be Rs 2000 from one source, 7) Political parties will be entitled to receive donations by cheques or digital modes, 8) reduces income tax rate from 10% to 5% for tax slab of Rs 250,000 to Rs 500,000.9) Surcharge of 10% for those whose annual income is Rs 50 lakh to 1 crore,