More actions to keep a check for black money: Jaitley

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New Delhi: Arun Jaitley has said that a number of schemes for checking black money will result in further action. In the Union Budget, Rs 90,000 crore was collected in the last two years as tax evasion proceedings. Jaitley cited many of the measures taken to ease the tax system in the economy and expand the tax system. “In 2016-17, 2017-18 growth rates are promising in direct taxes.

 

Last year, the growth rate was 12.6 per cent. As of January 15, 2018 it is 18.7 per cent. Personal income tax has increased, while the personal income tax rate (Bureau) rate is 1.95 and 2.11 per cent in 2016-17 and 2017-18. Prior to that, a seven-year average personal income tax rate was a 1.1. Recall that the law was designed to prevent the country’s black money abroad. Referring to the cancellation of big banknotes, he said, “Good honest festival”

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