New limit of income Tax

This query is : Resolved 

07 July 2009 Sir,
New limit of income Tax or new slab as per according new budget 09 applicable for which Financial Year

07 July 2009 FY 09-10 and AY 10-11

07 July 2009 Agree with Devanshi

16 July 2009 The amendment in the budget generally apply for the assessment year, thus are applicable to a FY which is relates to that AY unless otherwise stated. In this case since the amendment takes effect from 01.04.2010, this mean it is applicable to AY 2010-11 for which the FY is 2009-10. For this reason I agree with Devanshi and suresh.


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