No change in personal income tax: Union Budget 2015-2016
Q. What percentage change was proposed in the rate of personal income tax as announced in the budget 2015-16?- Published on 20 Jul 15
d. No Change
ANSWER: No Change
However government proposed to levy a surcharge at the rate of 12% on individuals, HUFs, AOPs, BOIs, artificial juridical persons, firms, cooperative societies and local authorities having income exceeding Rs 1 Crore.