Nov 14 (LTIT) –China's recent move to slash personal income tax has started to show in the public budget and in people's wallets.

The amount of salary tax funds that the state collected rose only 7 percent last month, which was 13.8 percentage points less than last year, the Ministry of Finance announced on its website yesterday.

From Oct. 1, the threshold for personal income duties was raised from CNY3,500 (USD504) to CNY5,000 (USD719). Moreover, individuals could get tax breaks from new categories such as tuition, medical expenses, mortgage payments and rent for housing.

The general public budget revenues decreased 3.1 percent to CNY1.6 trillion (USD225.6 billion) in the month of October. The general government spending was CNY1.2 trillion, up 8 percent.