FBT removed, SC slashed, exemption slab changed!!

  • 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

Replies (4)
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
"

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

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

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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