Direct tax code 2011 cleared

New Direct Tax Code 2011: Major relief for salaried class:

The new provisions under the Direct Tax Code are as follows: 
•    Tax for income between Rs. 2 lakh – Rs. 5 lakh:               10%
•    Tax for income between Rs. 5 lakh – Rs. 10 lakh:             20%
•    Tax for income over Rs. 10 lakh:                                            30%

Corporate tax has been kept at 30%.

The limit for exemptions for salaried people is Rs. 2 lakh, while that for senior citizens is Rs. 2.5 lakh.

Thanks Mr.Sanket

will post the link as soon as possible