Now Pay 10% Tax If Your Wedding Bill Exceeds INR 5 lakh

According to PTI, many of us could soon bid adieu to big fat weddings as a bill in the Lok Sabha seeks to encourage people to reduce their wedding expenditure. Yes, now anyone who spends more than INR 5 lakh on his/her wedding will have to pay 10% of the total amount to a government fund that would help organise weddings for the poor.

Author: Radhika Verma | Updated: February 16, 2017 11:56 IST
 

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- Shreiya Khanna

According to PTI, many of us could soon bid adieu to big fat weddings as a bill in the Lok Sabha seeks to encourage people to reduce their wedding expenditure. Yes, now anyone who spends more than INR 5 lakh on his/her wedding will have to pay 10% of the total amount to a government fund that would help organise weddings for the poor. 

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Introduced by Congress MP Ranjeet Ranjan, wife of MP Pappu Yadav, this bill will prohibit extravagant and wasteful expenditure on marriages and enforce simpler solemnization.

In an interview with Ranjeet, she quoted, “These days, marriages are more about showing off your wealth and as a result, poor families are under tremendous social pressure to spend more. This is needed to be checked as it is not good for society at large.”

The Bill seeks that “if any family intends to spend more than INR 5 lakh towards expenditure on marriage, such family shall declare the amount proposed to be spent in advance to the appropriate government and contribute 10 per cent of such amount in a welfare fund which shall be established by the appropriate government to assist the poor and Below Poverty Line families for the marriage of their daughters”.

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Related Tags : lok sabha bill for weddings, wedding news,
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Posted on: February 16, 2017 lok sabha bill for weddings, wedding news,

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