Tax Exemption Limit increased, surcharge removed - F/y 09-10

Last updated: 07 July 2009

Tax Exemption Limit increased, surcharge removed for F/y 2009-10. The amendments have been made in the Income Tax Act by the Finance Bill, 2009 with a view to as stated in the Memorandum : (i)Lowering the burden on the individual taxpayers by increasing the basic exemption limit available to the
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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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