Union Budget 2018 to bring income tax cheer? Here's why this EY survey thinks so
About 59% of the
respondents were of the view that multiple outdated deductions would be
replaced with a standard deduction in order to reduce the tax burden of
employees
BUDGET NEWS : The
government is in all likelihood to tweak profits tax slabs and costs in
finances 2018-19 to bring down the load on people, while there's not likely to
be any alternate in the cutting-edge taxation of dividends, consistent with a
survey through EY.
In a pre-price range survey via tax consultant EY,
a wide majority of 69 in line with cent of the respondents felt that the brink
limits for taxation could growth in addition which will improve disposable
earnings inside the fingers of the people.
about 59 consistent with cent of the respondents
were of the view that multiple outdated deductions would be replaced with a
trendy deduction so as to reduce the tax burden of employees.
The survey includes the views of 150 CFOs, tax
heads, and senior finance experts and become carried out in January.
approximately forty eight in line with cent of the
respondents said they expect the finance minister to lower company tax charge
to 25 according to cent however the surcharge could preserve.
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