These new rules of income tax will be done after 7 days

    With the passage of the finance bill in Parliament, the budget process of the financial year 2017-18 has been completed. As soon as the passage of this bill, all the tax related tax in 2017 has now become law. In this case, know some of the important changes in the Income Tax rules that will affect you.

1. After saving the tax rate from 10 per cent to 5 per cent for people having annual income of 2.5 lakh to 5 lakh rupees, the savings of Rs 12,500 will be saved. At the same time, savings of Rs 14,806 (including surcharges and cesses) of those earning more than Rs 1 crore will be saved.

2. Those who earn an annual income up to Rs 3.5 lakh will be given a rebate of Rs 2,500 (Rs 5,000). Due to changes in tax rates and tax rebate, now the annual income of 3.5 lakhs will be required to pay a tax of just Rs 2,575. Earlier, he had to pay a tax of Rs. 5,150 as tax. The rich tax payers whose annual income is between Rs 50 lakh and Rs 1 crore, will also have to pay 10 percent surcharge on the tax. At the same time, Super Rich, which has an annual income of more than Rs 1 crore, will have to pay a 15% surcharge on the tax.

3. For the tax on real estate, the Central Government, where the first 3-year-old property was considered as a long term, will now come under the purview of the property tax of just 2 years. With this change, you will now be taxed at a rate of 20 per cent for selling your property for two years, and after selling it, it will be entitled to a discount in the case of re-investing.

4. Changes in Long Term Capital Gains Tax will benefit. For the tax assessment in the long-term capital gains, the government has increased the cost of inflation and calculation from April 1, 1981 to April 1, 2001. This change will reduce the profit in selling property now. At the same time, if the capital gains in selling a property are invested in the bonds issued by the government, then it will be entitled to tax rebates.

5. Tax return return form of 1 page will be issued for those whose annual income is upto 5 lakh rupees (non-business income). This category will not scrutinize the tax filing form for the first time.

6. In the event of delays in filing tax returns for the financial year 2017-18, the penalties of Rs 5,000 will be felt if the returns have been filed till December 31, 2018. On the return filed after December 31, a penalty of Rs 10,000 will be considered. For the small tax payers (income up to Rs 5 lakh), this penalty will be Rs 1,000.

7. In the Rajiv Gandhi Equity Savings Scheme, tax relief will not be available on investment from 2017-18. However, those who have claimed an exemption on such investment before April 1, 2017, they will be given the rebate of the next two years.

POISON IN EVER SIP:WATER POLLUTION

        water is one of the most common and useful  substances around us for the want
    of which all shall perish. Two-third of the earth's surface is covered with water and it
    is also present below the surface of the earth.  Water is essential for the very existence
    of life.  Water forms 70 per  cent of our body weight and 90 per cent of our blood. It is
    essential for irrigation in agriculture and for our daily activities. It is essential for irrigation
    in agriculture and for our daily activities.  It is also necessary in factories and power
    plants.

    As water forms such an important part of our life, the importance of pure drinking
    water cannot be underestimated.  It is imperative that the clear water gushing out
    of the kitchen tap is suitable for drinking. The municipal corporation of Delhi 
    (MCD) itself admits that 12 per cent of the drinking water in the capital city of
    India, Delhi, has shattered all illusions about purity of bottled common not only
    among the foreigners, but also among local resident. This survey has found that 
    bottled water contains a high concentration pesticides . Now, it seem that purity,
    or rather the impurity of drinking water, is just a matter of degree. Some people
    happen to drink more polluted water as compared to others. But, no one in the  
    city seems to be getting anything close to pure drinking water. The same is found
    to be the case with all the towns and cities across India.

    Effects of water pollution 

    water pollution is very harmful to humans, animals and water life. The effects can be           catastrophic, depending on the kind of chemicals, concentrations of the pollutants               and  where there are polluted..