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FBT removed, SC slashed, exemption slab changed!!

CA Nikita (Chartered Accountant) (4158 Points)

06 July 2009

Fringe Benefit Tax to be scrapped
Surcharge on personal Income tax slashed by 10%
Hike in IT exemption for women to Rs 1,90,000
Hike in IT exemption to Rs 2,40,000 for senior citizens
General Sales Tax model will have a Central GST and State GST
GST to come into effect from April 01, 2010

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Ganesh (klajdfkdfj`) (36 Points)
Replied 06 July 2009

Originally posted by :CA Nikita
"	any IT exemption for man ?? any revision ?? Fringe Benefit Tax to be scrapped Surcharge on personal Income tax slashed by 10% Hike in IT exemption for women to Rs 1,90,000 Hike in IT exemption to Rs 2,40,000 for senior citizens General Sales Tax model will have a Central GST and State GST GST to come into effect from April 01, 2010	"

CA Nikita (Chartered Accountant) (4158 Points)
Replied 06 July 2009

For other individuals, the slab exemption has gone up by Rs.10,000/- ie 150,000 to 160,000

saleemoddin (php developer) (66 Points)
Replied 06 July 2009

You people can calculate your income tax for the F.Y 2008-09 at https://www.payit.in

vikram (consultant) (23 Points)
Replied 09 July 2009

I pay Rs 2000FBT every month from this march onwards....NOW FBT IS SCRAPPED, So will i get back the FBT amount i payed since MARCH?? When does this REMOVAL OF FBT come into effect from ? APRIL 09 or JUNE 09??

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