Question
This year’s budget proved the phrase
“expect the unexpected” from a personal tax perspective. There was much speculation until the budget day regarding reduction in slab rates and other sops for the salaried class. However, the Finance Minister came up with a simple, yet impactful set of proposals to please the common man. The existing tax rate of 10% for income range between тВ╣ 2.5 lakh and тВ╣ 5 lakh has been brought down to 5%, which has cheered many. _________________. Ironically, we may not know how much of such 80C deductions could be utilised by the low-income group taxpayers, but still the benefit stands, if the qualifying investments are made to avail the deduction under 80C of the act. Further, this budget also simplified the tax filing process as a one pager return for the salaried class up to a taxable income of тВ╣5 lakh without any business income. In each of the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five choices given to make the passage complete and coherent (Coherent means logically complete and sound)Solution
This year’s budget proved the phrase “expect the unexpected” from a personal tax perspective. There was much speculation until the budget day regarding reduction in slab rates and other sops for the salaried class. However, the Finance Minister came up with a simple, yet impactful set of proposals to please the common man. The existing tax rate of 10% for income range between тВ╣ 2.5 lakh and тВ╣ 5 lakh has been brought down to 5%, which has cheered many. This, coupled with the existing deduction available under section 80C of the act will ensure that individuals won’t have to pay any income tax up to an income of тВ╣ 4 lakh. Ironically, we may not know how much of such 80C deductions could be utilised by the low-income group taxpayers, but still the benefit stands, if the qualifying investments are made to avail the deduction under 80C of the act. Further, this budget also simplified the tax filing process as a one pager return for the salaried class up to a taxable income of тВ╣5 lakh without any business income.
тАШрдШрд╛рдЯ-рдШрд╛рдЯ рдХрд╛ рдкрд╛рдиреА рдкреАрдирд╛тАЩ
рд░рд╛рдЬрднрд╛рд╖рд╛ рдХрд╛рд░реНрдпрд╛рдиреНрд╡рдпрди рд╕рдорд┐рддрд┐ рдХреА рдмреИрдардХреЛрдВ рдХреА рдЕрд╡рдзрд┐ рдХреНрдпрд╛ рд╣реИ?
рдЗрдирдореЗрдВ рд╕реЗ 'рдЕрд▓реНрдкрдкреНрд░рд╛рдг' рд╡реНрдпрдЮреНрдЬрди рдирд╣реАрдВ рд╣реИ :
рдирд┐рдореНрдирд╛рдВрдХрд┐рдд рд╡рд┐рдХрд▓реНрдкреЛрдВ┬а рдореЗрдВ рд╢реБрджреНрдз рд╡рд░реНрддрдиреА рд╡рд╛рд▓рд╛ рд╡рд┐рдХрд▓реНрдк рдХрд╛ ...
рдЖрдирдиреНрджрдордЧреНрди ┬ардореЗрдВ рдХреМрди рд╕рд╛ рд╕рдорд╛рд╕ рд╣реИ
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ рдХреМрдирд╕рд╛ рд╢рдмреНрдж рд╡рд░реНрддрдиреА рдХреА рджреГрд╖реНрдЯрд┐ рд╕реЗ рдЕрд╢реБрджреНрдз рд╣реИ?
' рдореИрдВ рдЪрд▓рд╛ рд╣реВрдБред ' рд╡рд╛рдХреНрдп рдореЗрдВ рдХреМрди рд╕рд╛ рдХрд╛рд▓ рд╣реИ ?
рдХрд░реНрдордЪрд╛рд░рд┐рдпреЛрдВ рдХреЗ рд▓рд┐рдП рдирд┐рд░реНрдзрд╛рд░рд┐рдд рдкреНрд░рд╛рд░рдВрднрд┐рдХ рдкрд╛рдареНрдпрдХреНрд░рдо рдХреНрдпрд╛ рд╣реИ?
рдЗрдирдореЗрдВ рд╕реЗ рд╡рд░реНрддрдиреА рдХреА рджреГрд╖реНрдЯрд┐ рд╕реЗ рдЕрд╢реБрджреНрдз рд╢рдмреНрдж рд╣реИ :
тАШрдШрд╛рдЯ рдШрд╛рдЯ рдХрд╛ рдкрд╛рдиреА рдкреАрдирд╛ тАЩ рдореБрд╣рд╛рд╡рд░рд╛ рдХрд╛ рдЕрд░реНрде рд╣реИ -