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%
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IT exemption limit enhanced, surcharge withdrawn
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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