Personal Income Tax: The FM changed the tax slabs and increased the deduction under Section 80C by Rs. 20,000. Giving a relief to the middle class Finance Minister Pranab Mukherjee on Friday revised the tax slabs for the next financial year. There will be no tax for income upto Rs 1.6 L while for income between 1.6 & 5 L, the tax liability will be 10%. Use the Tax Calculator to exactly find out how you gain or lose.
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More details of Direct and Other Taxes Click here
Source : Economictimes.com
Showing posts with label Direct and Indirect Tax. Show all posts
Showing posts with label Direct and Indirect Tax. Show all posts
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