New Amendments in increase of exemption limit for salary
This query is : Resolved
SENTHIL KUMAR R
(Querist)
18 May 2010
Can i know any new amendments in individual income tax exemption limits
18 May 2010
Income tax slabs for individual taxpayers to be as follows
Current Proposed
Income upto Rs 1.6 lakh Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh 10%
Income above Rs.5 lakh and upto Rs. 8 lakh 20%
Income above Rs. 8 lakh 30%
Current Proposed
Income upto Rs 1.6 lakh Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh 10%
Income above Rs.5 lakh and upto Rs. 8 lakh 20%
Income above Rs. 8 lakh 30%
Message likes :
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SENTHIL KUMAR R
(Querist)
18 May 2010
Thanks for your immediate answer.
And i want to share one thing relates to the above, in the last week i had seen in TV a flash news was showing as salary income tax exemption limit have enhanced to Rs.2 lakhs. That is what i am raising a doubt?
Waiting for your valuable reply
And i want to share one thing relates to the above, in the last week i had seen in TV a flash news was showing as salary income tax exemption limit have enhanced to Rs.2 lakhs. That is what i am raising a doubt?
Waiting for your valuable reply
18 May 2010
All rumors.
CA Ravi Sisodia
(Expert)
18 May 2010
just rumors.
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