Pegasystems, the software company empowering customer engagement at the world’s leading enterprises, today announced views towards the upcoming Union Budget 2017-2018.
Sharing his views, Mr. Suman Reddy, MD, Pegasystems India said “From an IT employee perspective, there is an anticipation of increasing the minimum limit for taxable income. There is also a need restructuring of the tax slabs (currently 10% charged on 2.5 lakhs – 5 lakhs, 20% for 5 -10 lakhs and 30% on income above 10 lakhs) given the inflation over the years, increasing the limits will certainly help create a better consumption economy. The government could also re-look at the increasing the exemption limits on allowances such as house rent, travel, education, medical reimbursement etc.
Within the IT community, the focus on ‘digitization’ continues to remain a focal point. Transforming citizen services to become 100% digital will require a significant investment targeted towards upping our current technology capabilities and infrastructure in the country. As for the startup front, building of a cohesive ecosystem for entrepreneurs is a continuous process and we hope to see relief for the start-up community in the form of tax slabs expansion. Additionally, rationalization of MAT (minimum alternate tax) in special economic zones is another area where we can expect some traction.”
Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, service, and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, are built on its unified Pega® 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use, and global scale. For more information, please visit us at http://www.pega.com.