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Income tax rate for individuals earning between Rs2.5 lakh and Rs5 lakh reduced to 5% from 10%; 10% surcharge on those individuals who have an income between Rs50 lakh and Rs1 crore. A single one-page form for filing income tax returns for taxable income up to Rs5 lakh.
Maximum amount of cash donation to any political party will be Rs2,000 from one individual.
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(Sourced from agencies, feature image courtesy:global.casarokar.com)
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