Benefits of budget 2017 for female employee

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Benefits of budget 2017 for female employee

Hi , could you please let me know benefits of this revised budget for an female employee and also pls suggest how tax is calculated yearly

Profile photo of Kamatchi M Asked By: Kamatchi M 1 replies 1 helpful answers Last Updated: 5 months ago
  • Profile photo of Kamatchi MKamatchi M
    Participant

    Hi , could you please let me know benefits of this revised budget for an female employee and also pls suggest how tax is calculated yearly

  • Profile photo of Roohi RasheedRoohi Rasheed
    Moderator

    There is no special benefits granted to the female assesses in the Union budget 2017. The slab rates for all the individuals under age 60 is the same.

    Tax is calculated on the total income earned by an individual in a given Financial Year after claiming the deductions and exemptions that he is eligible to claim as per the Provisions of Income Tax Act, 1961. The tax on the income earned is payable as per the Income Tax slab rates applicable to the individual.

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