Click it and Unblock the Notifications
Just In
Don't Miss
-
'RCB have won just one game but Orange Cap on his head': Anjum Chopra backs Virat Kohli to open in T20 World Cup -
Elon Musk’s X Is Launching a TV App Similar to YouTube for Watching Videos -
Oru Nodi First Review: Taman Kumar’s Crime Thriller Is A ‘Good & Engaging’ Watch -
AICTE introduces career portal for 3 million students, offering fully-sponsored trip to Silicon Valley -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Bajaj To Offer Chetak Electric Scooter At Lower Price Point: All Details Here -
Heeramandi Screening: Alia Bhatt, Ananya Panday, Rashmika Mandanna And Others Serve Finest Ethnic Style! -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Budget 2010: No tax for income up to Rs 1.6 lakh
New Delhi, Feb 26: Finance Minister Pranab Mukherjee on Friday, Feb 26, revised the tax slabs for the next financial year.
Presenting the Union Budget for 2010-11 in Lok Sabha, Mukherjee said tax on income up to Rs 1.6 lakh would be nil and above Rs 1.6 lakh to Rs 5 lakh would be 10 per cent.
For income between Rs 5 lakh to 8 lakh, the tax liability will be 20 per cent.
News
Stories
on
Union
Budget
2010
Individuals
with
income
of
above
8
lakh
will
have
tax
liability
of
30
per
cent.
Finance Minister Pranab Mukherjee also extended income tax exemption to investment in infrastructure bonds by up to Rs 20,000 over and above the existing limit of Rs one lakh.
In a major relief to the corporate sector, the government proposed to reduce the surcharge on corporate tax to 7.5 per cent from 10 per cent.
OneIndia News
