Archive for February 2010
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Income Tax Slabs for 2010-11
Income Tax Slabs for 2010-11
Budget India : Union Budget 2010 Highlights
* The Indian economy was facing grave uncertainty. Growth had started decelerating when the interim and full budget for 2009-10 were presented.
* At home there was added uncertainty because of subnormal southwest monsoon.
* Yet, the economy now in a far better position than it was
eight years ago.
* India weathered the economic crisis well and [...]
Save Income Tax : Finance Minister revised the tax slabs
Giving a relief to the middle class Finance Minister Pranab Mukherjee on Friday revised the tax slabs for the next Tax financial year.
There will be no tax for income upto Rs 1.6 lakh. The earlier slab was 1.6 – 3 Lakh
For income between 1.6 lakh – 5 lakh, the tax liability will be 10%. [...]
