Help...! which rates should i follow for nov 2011 ipcc?

Hey. I'm giving my IPCC in Nov 2011...

I'm probably asking this very very late... but, need some clarifications...

In the study material, the tax slab rates are:

Individual = upto 160000 - Nil

exceeds 1,60,000 upto 5lacs = 10% etc etc

but, the latest slab rates are..

for men:

→ Up to 1,80,000 = NIL ,

→ 1,80,001 – 5,00,000 = 10%,

→ 5,00,001 – 8,00,000 = 20%,

→ 8,00,001 upwards = 30%,

Up to 1,90,000 (for resident women)= NIL

Up to 2,50,000 (for resident individual of 60 years or above)= 0,

Up to 5,00,000 (for very senior citizen of 80 years or above)= 0.

 

So, which should I follow for the Nov 2011 exam?

Thanks so much in advance.

Replies (4)

David Use 1.6 Lacs.....

As in Nov11 FA 2010 is applicable....

While 1.8L is fr FA 2011....

thank you soo very much Mayank for the quick and helpful reply.  :)

In case of CA EXAMS the slab rates applicable for MAY EXAMS are applicable for NOVEMBER EXAMS . However here is a list of amendments applicable for nov 2011 . Here is a file attached .

Both replies will be correct provided you mention the AY correctly

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