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IT exemption limit enhanced, surcharge withdrawn

2086 views 15 replies

10% tax on income between Rs1.6 lacs to 5 lacs

 

 

20% tax on income between Rs5 lacs to 8 lacs

 

 

30% tax on income above Rs 8 lacs

 

 

Minimum Alternate tax hiked to 18%

Replies (15)

excise duty increased in many products

Audit limit increased from 40 to 60 lac

for professional increased to 15 lac from 10 lac

Exicse 8% raised to 10%

may i know from which date the new excise rate will be applicable?

Miss durga rao ... i think new excise rate will be applicable from april 1st 2010 on wards

EXEMPTION LIMIT WILL BE APPLICABLE FROM WHICH A.Y. ?

Petro products, cigarettes to be expensive and Mobile phones to be cheaper

( @ EXEMPTION LIMIT WILL BE APPLICABLE FROM WHICH A.Y. ?)


Will be applicable from A Y 2011-12

Direct tax to be implemented from April 1, 2011

gud to c a student providing an answer to a CA .....

wel dn Ranjana.....

Guys, the budget is declared now, so all the amendments in it wil be applicable for

 

FY 2010-11

 

AY 2011-12

Thanks Gopal..... But they may in confusion...

Guys, thanx for ur support over this topic...

 

Come on this forum also..

 

/forum/how-is-budget-2010-11-70953.asp

Exicse 8% raised to 10% please provide effective date urgent


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