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%
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%
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
Will be applicable from A Y 2011-12
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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