New Delhi,Feb7,2012: Budget 2012-13 is
in process. The government is planning to enhance tax slabsof salaried class
persons.
According
to reports, Union Finance Minister Sh. Pranab Mukherjee may announce the income
tax slab rates soon. The basic tax exemption may increase from 1.8 lakh
to 2 lakh. Further the income between Rs. 2-5 lakh will be taxed at 10 percent,
Rs. 5-10 Lakh be taxed at 20 percent and income above Rs. 10 Lakh will be taxed
at 30 percent rate.
The
present tax structure is that incomes between Rs 1.8 lakh and Rs 5 lakh are
taxed 10 percent, those between Rs 5-8 lakh taxed 20 percent while 30 percent
tax is slapped on incomes above Rs 8 lakh.
No comments:
Post a Comment