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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.

Highlights of Economic Survey 2016-2017

The Economic Survey for 2017 was tabled in Parliament on January 31st 2017.

The following are the main highlights from the report.

  • While the growth rate for this financial year will 6.75 to 6.75 percent
  • Demonetisation has affected the growth rate by 0.25 to 0.5 percent which is less adverse than what was expected.
  • GST bill has been passed and is expected to be available by July 2017.
  • Foreign Direct Investments (FDI) to the country was highest ever in any year at USD 55 billion.
  • Jan Dhan, Kisan credit, RuPay card and Bhim has taken the banking system to more people.
  • Farming sector growth expected at 4.1 percent.
  • Urged debate on Universal Basic Income to combat poverty.
  • Countries reliance on fossil fuel needs to be reduced.

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