Highlights of the DTC bill placed in the Lok Sabha

Highlights of the DTC bill placed in the Lok Sabha Following are the highlights of the Direct Tax Code bill placed in the Lok Sabha by Finance Minister Pranab Mukherjee on Monday. * Income tax exemption limit proposed at Rs 2 lakh per annum, up from Rs 1.6 lakh * 10 percent tax on annual income between Rs 2-5 lakh, 20 percent on between Rs 5-10 lakh, 30 percent for above Rs 10 lakh * Tax burden at highest level will come down by Rs 41,040 annually * Proposal to ra

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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