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Fm arun jaitley could raise income tax exemption limit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2015 Dear sir,


Can you tell me about ""FM Arun jaitley could raise income tax exemption limit to 3 lakh in budget in 23rd January.""

http://businesstoday.intoday.in/story/budget-16-expectation-arun-jaitley-may-raise-income-tax-slab/1/214914.html

SO WHAT IS THE NEWEST INCOME TAX SLAB ?

Please any body can explain it.

Thanks & Regards.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 January 2015 Last year itself it was expected that basic exemption will be raised to Rs 3 lakhs, this year it will happen.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2015 so, it's mean f.y.14-15 income tax slab is 2.5 to 5 lac & 5 to 10 lac.

F.Y. 15-16 income tax slab is 3-5 & 5-10.


Please some body can explained .

What is Right.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 January 2015 Yes the above slab is right.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2015 Dear sir,

Can you tell me about ""FM Arun jaitley could raise income tax exemption limit to 3 lakh in budget in 23rd January.""

http://businesstoday.intoday.in/story/budget-16-expectation-arun-jaitley-may-raise-income-tax-slab/1/214914.html

SO WHAT IS THE NEWEST INCOME TAX SLAB ?

Please any body can explain it.

Thanks & Regards.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 January 2015 Slab rate will not change only the basic exemption limit will be raised to 3 lakhs the slab rates given above is the right one.

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