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BUDGET 2017-2018 Special

Latest Updates -
-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.

-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2017-18.

Import duty on Gold and Titanium increased

Ministry of Finance today raised the import duty on Gold and Platinum from the existing 4 percent to 6 per cent. This increase is targeted at containing the increasing import of gold that has resulted in an increase of current account deficit (CAD).

Currently a huge amount of wealth in India is locked in Gold as people consider Gold as a viable investment. The Government is looking at other options also to bring this huge amount locked in gold out to the market.

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