Income Tax bonanza for taxpayers in 2012-13 ?

/, What's new/Income Tax bonanza for taxpayers in 2012-13 ?

Preparation for budget is in progress. The Govt. is planning to enhance the tax slabs for the individual taxpayers.
According to a PTI report, the basic exemptiom limit is likely to be enhanced from 1.8 lac to 2 lac.
Income between 2 to 5 lac will be taxed @ 10%, 5 to 10 lac @ 20% and more than 10 lac @ 30 % for the Financial Year 2012 – 13.
The present rate for F.Y. 2011-12 is 1.8 lac to 5 lac @10%, 5 to 8 lac @20% and above 8 lac @30%.

2012-02-09T17:24:23+00:00
“MASS RALLY” by Joint Front of Associations,CPWD on 12Dec.2018.
 
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